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Shares Outstanding: 35,000,000 Price: $2.80 Cdn Fiscal Year End: March 31 1996 Revenues: US$12.2 mill, EPS $0.076, Cash Flow $0.166 Rex has 3 producing diamond mines in South Africa. The past 6 months has seen $Cdn 17 million spent underground expanding current production. Rex produces diamonds that averages US$240/carat vs. world avg. of $57. Company markets production through wholly-owned Rex NV, Antwerp, Belgium, outside of CSO. Recently began evaluating extensive land holdings in Sierra Leone. Rex owns extensive pipes, fissures and alluvials, of which development has begun at Tongo Fields alluvial operation. Rex recently sold 20.2 carat cut stone for US$600,000 and uncut 60 carat stone for US$528,000. Repadre (TSE:RPD)holds royalty on South Africa production. For more information call: Ross Orr/Chris Cory 416-955-9033/ Fx 777-1254 | ||||||||||||||
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