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

To: russet who wrote (1189)	4/25/1999 11:35:00 PM
From: m.philli	Read Replies (1) \| Respond to of 2402

Hi Russett, you mentioned something I've wondered about. If some of these pipes have eroded away, where would the diamonds be? Were not talking glaciation here. They can't be scraped across the face of the earth for a thousand miles. Wouldn't they be concentrated in the drainage systems. How about those large "delta like" areas mentioned in writeups on their properties.That's why i'm so interested in these alluvial operations. In Africa there talking dredging the ocean where the rivers drain, I really wonder what's going to be found in these drainage systems, it seems PVF/SUF/CNBs interest is equal to mine.

To: russet who wrote (1189)	4/26/1999 10:10:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 2402

Russett, I agree with all you say of course. And I am not arguing on the potential value of CNB x months/years in the future. Am just saying that for now, CNB's value is not as high as people on this thread seems to believe. I am talking of the intrinsic value of the company not the speculative value. There is a big difference between both. As an example, SWG is currently $4.50, CNB is $1.40. Well if no commercial operation is developed on CNB's properties (unlikely...but..if), CNB stock would fall to $0.25 if not a lot more...OTOH, SWG cannot fall much more below $4-$5 because they have assets in the bank and in the ground (I mean metals here, not only grass root properties) that are already worth more than the current price level. I have no doubt that we will soon be talking of an intinsic value for Canabrava...and this value will likely be build in Brazil first. But for now, CNB at $1.40 is all speculation. No wonder this asset is not reflected at all in SWG stock. CC