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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Daze who wrote (2043)	5/16/1999 5:10:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 2251

The market has not always responded to production situations. Traditionally the stock rises towards feasibility and dives after it is declared the mine will make money! But there are exceptions and Hemlo was one. In the case of Redauram which was North America's first producing diamond mine (Colorado), low grade but low cost. The market was totally uninterested in their profit making production and during the boom market, their shares fell in price. Strange. They were forced to abandon the diamond trade sell their producer and go into other pursuits. God knows what they are doing today. I read a different future for CNB as they have good money behind them. It is amazing how the good chemistry and real diamonds in the drift train in Wawa goes totally ignored by the exploration community and the investing public. The pyropes in Wawa are sub-calcic by the Sobolev criteria, which in the Yakuts platform means that they come from economic mines only. These pyrope garnets are, by the Dawson-Gurney curves, well within the diamond inclusion field (greater than 4.9% Chromium and less than 2.6% calcium) and thus indicate they came from diamondiferous kimberlites. No less than 8 one carat diamonds have been found in glacial drift in Wawa, Ontario. Hordes of Chrome diopside have similarly been found. As well, although it has not been publicized, large kimberlites have been found coming right to surface in this camp. I have seen hand samples of these diatremes and can attest to their kimberlitic nature. Why do these finds not create a rush? Well I guess they come late in the day in this modern day glitter rush and a big diamond mine has not yet been found in Ontario. Or so it is thought. With the evidence so far, that day is not so far away. echarter@mineletter.com