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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: BUDDY MOYNIHAN who wrote (3710)	4/29/1999 5:27:00 PM
From: Mike G	Respond to of 5206

I don't agree that DeBeers would never let FALC go into production. DeBeers is now losing market share with the BHP minerals job in the NWT. I think that DeBeers should be very anxious to get a Canadian Mine into production so they get Canadian market share. If I was buying a diamond, then I would prefer a Canadian mined Diamond and a lot of other Canadians think the same. That means the only one they can buy a diamond from today is from BHP, which is marketing these stones on their own and not through DeBeers. DeBeers set up a Canadian office a couple of years ago. Why do you think they set it up. They might not mine all of the diamonds at FALC at once (in fact they couldn't, it would take 99 years just to mine the one Kimberlite) they would release them gradually, but you can bet that DeBeers wants to get something going here and soon. Wouldn't it be something if there were bids for KRT. Maybe DiaMet, or BHP would like to buy KRT to have 30% of FALC, then there could be some fun.