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

To: teevee who wrote (2067)	5/24/1999 3:53:00 PM
From: Bob Fairchild	Read Replies (1) \| Respond to of 2251

Their share capitalization is depressed right now. Historically the stock trades higher. This is due to a number of things such as the fact that we still do not have a permit to build the mine, the mine when it is built is still three years from production, and there seems to be fewer people around who believe in long term holds when it comes to investing. The share price is a sign of the times. When it comes to what is in the ground and what it is worth, there is no question that an easy double is in store for anyone willing to sit on their investment for a couple of years. I don't think that is such a bad return. Nothing compared to the type of overnight returns on internet investments but at least you will be able to sleep good at night. You are aware what Diamet was trading at when it was at this stage in the process. The graphs are almost identical. Why is it now trading greater than $22/share when a couple of years ago it was less than $9.00 ? Bob

To: teevee who wrote (2067)	5/24/1999 4:18:00 PM
From: Bob Fairchild	Read Replies (1) \| Respond to of 2251

The present resource of the four main pipes is estimated to be worth $7.5 billion U.S. 133 million carats X $56 U.S./carat (avg.) = $7.5 billion U.S. 40% of this is $3.0 billion U.S. The market is presently assigning a value of $10 CAN./share for the Diavik deposit. Another $1 CAN./share for Snap Lake. In other words the market is assigning the total value of Aber's share of Diavik at approx. $500 million CAN. or $340 million U.S. U.S.) add to this Aber's share to develop the mine of approximately $300 million U.S. and we have a grand total of $840 million U.S. cost package. You don't think it is worth spending $840 million U.S. to control a $3.0 billion U.S. resource ? Anyways, you still haven't answered my question as to why you think Snap Lake will be so expensive to develop that it will take something like Aber selling it's share of Diavik to pay for a measly 16% of development costs. You may want to invest your money elsewhere if you really believe this unless you are just pulling my chain. Bob