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Gold/Mining/Energy : Nora NXI on ME -- Ignore unavailable to you. Want to Upgrade?


To: George J. Tromp who wrote (333)5/21/1999 4:37:00 PM
From: John Stella  Read Replies (1) | Respond to of 420
 
George,

Well George if you want my honest opinion, I would suggest you "hop on the train" now before the write-up in the Crown Jewel Report hits the stands <gg>

As you well know Namibia is the most prolific gem quality diamond bearing area in the world, 95% of the stones are of gem quality.

The location of our 23,000 sq.km. concession is key to appreciating the enormous potential it holds. Interpretation of the work conducted so far points to the fact that there is "a very high probability" that we are sitting on a world class deposit. This information combined with historical data led a very prominent exploration geologist to mention that, and I quote "I wouldn't be surprised if the concession contained in excess of 100 million carats".

One of our neighbors (DeBeers Marine Corp) have established their resource at approx. 86 million carats. Their concession which borders ours to the east has produced in excess of 2 million carats over the last five years in an area of approx. 6 sq.km.

We are now in the process of preparing the next phase of exploration scheduled to begin shortly which will include sampling.

One other definite plus for the Company is the quality of the individuals who are now associating themselves with us. (sorry, but for the moment I am not at liberty to mention any names)

Best Regards,

John