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

To: whisky who wrote (1258)	4/28/1999 12:41:00 PM
From: russet	Read Replies (2) \| Respond to of 2402

All Canabrava directors and management and Southwestern Gold directors and management including the management of Kennecott and Southern Era and PVF were at the PDAC holding meetings to determine the details of the joint ventures in Brazil and Ontario. The JV with Kennecott was announced after those meetings. Many of them came down to release their excitement at Kirkland Lake Night on Tuesday March 16. The announcement was March 15. I'm not saying CNB or SWG had booths in either event. But their directors and some management were at both events. In terms of lying to the thread, that is complete horses**t. You should keep a rein on your attitude, whisky. In terms of the Rio do Sono JV with PVF,...their comments today are much more bullish than 6 weeks ago. They are now downplaying the bulk sampling aspect,...and talking more about launching into commercial production as soon as possible. That is a big jump. The last month's exploration results must have improved the prospects for a continuing mining operation there. That is very bullish news IMO. But we must wait several more months for them to set up their equipment and bulk sample the areas in question. Once processing of the diamonds are complete, they will likely be sent to a diamantaire for valuation and the results will be published. We are still in prefeasibility at the moment pending the above exploration work. Once this work is completed, a decision will be made to either ramp up by purchasing additional processing and earthmoving equipment, or continue at current processing levels, or abandon the project as uneconomic. This is typical diamond exploration work. It will not speed up because shareholders want a quick jump in stockprice. Diamond exploration takes many years, and Canabrava's persistance and hard work is just beginning to pay off. It would be a shame to sell your shares now. russett