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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: Bob Fairchild who wrote (1267)	3/27/1999 7:35:00 PM
From: George J. Tromp	Read Replies (1) \| Respond to of 2522

Hello Bob: It is amazing in this day and age what material news can do for a stock price, eh. I am waiting this one out, I figure there at 3 ways in Mauritania for Rex to hit the lotto. Remember that 24mil tons of kimberlite with an economic grade would be approx a 2.5 times leverage over Aber. The value added feature is about 110% given Rex has its own sorting,cutting,marketing facilities. I am curious as to how the market would value an economic discovery that eliminated standard CSO royalties, (10%), AND could maximize the product thru downline distribution from mine to retailer. I would suspect DeBeers worse nightmare might unfold should Rex discover just one commercial pipe, it may even tremble if the gravels hold an economic deposit. The Jig plant should be arriving shortly. All the Best George

To: Bob Fairchild who wrote (1267)	3/27/1999 8:09:00 PM
From: LAURIE SELINE	Read Replies (1) \| Respond to of 2522

Bob: That item doesn't say who. As a matter of fact it says diamond, not diamonds. The news out of that source is infrequent and always weird. I thought it might lead to something because the government official went to the trouble of holding a press conference. On the other hand, it's probably his first one in six months. George: good to have you back. You should go over to the Winspear tread and slap a few guys around. God knows they need it. It's getting out of hand. All the best, L.