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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (1305)4/11/1999 5:44:00 PM
From: WillP  Read Replies (1) | Respond to of 2006
 
Aber news release August 19, 1998:

June 1998 valuations on the A-154S and A-418 diamonds by 12 diamantaires confirmed the earlier price estimates for A-154S at US$63 and for A-418 at US$56. The diamantaires were selected for their expertise in specific segments of the diamond market. Marketing costs were not assessed in the valuations.

The average diamond price estimate of US$56 per carat for all pipes (an average weighted by the mineable carats in each pipe) was used in the prefeasibility level reserve estimate. The 1997 diamond price estimates for the A-418 and A-154S kimberlite pipes were obtained by independent Antwerp diamantaires, through the valuation of 21,075 carats of diamonds from bulk samples. Price estimates for A-154N and A-21 kimberlite pipes were obtained by valuation of small parcels of diamonds from large diameter core drilling by Argyle Diamonds.


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