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

To: russet who wrote (1268)	4/28/1999 4:09:00 PM
From: Diamond Daze	Respond to of 2402

<<Valuation and grade determinations of a resource require large quantities of gravels to be processed (bulk sampled). That's what they are doing now at Rio do Sono. A firm long-term production decision will not be made until that process is finished which will take several months at least I think. Other diamond companies at the same point of exploration include Winspear and MPV in the NWT and Diamondfields in Namibia. They are all in the process of taking bulk samples and waiting for the results before pre- feasibility studies can be completed. The nice thing about alluvial gravels, is they can quickly move from pre-feasibility to commissioning in months whereas pipes and ocean deposits can take years as the costs to mine the latter can be very high.>> It's already done....that much I know........DD