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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (1086)	4/11/1999 9:51:00 PM
From: Diamond Daze	Read Replies (1) \| Respond to of 2402

Gordon posted quite a write up on our partners thread (SouthernEra) Here is a point of interest to us.... <<The joint venture plans to deepen the ultimate pit to a depth of 150 meters from the current 100 meter deep design. In addition to the kimberlite reserve at Ml, the mine is currently stockpiling diamondiferous gravels and diamondiferous kimberlitic diabase encountered during mining. This material, currently totaling over 500,000 tonnes, will be sampled for grade once the new 50 tonne per hour plant is operational in March. Preliminary estimates of 0.3 — 0.35 carats per tonne with values of U.S. $150 per carat indicate this material could be very profitable since all in mining costs would be in the range of U.S. $20 per tonne.>> So this is a starting point for determining costs....$20.00 per ton seems very high to me.....DD