VIPR Industries Inc (fka VIPR)

[MONEYMADE]

Diamonds....$30M "The report, created by JICL Consultants, provides a conservative estimation on the potential of the deposit". JICL Consultants is an independent geological company with offices in Tanzania that has created reports for several international mining companies. Below is a snapshot of the report:



Total area = 30Ha = 300,000 m2
Average gravel thickness = 2.3m
Average diamond grade = 6.8 Cpht
Density of gravel material = 2.14 tfm3
Value of diamond in US$/carat = 300US$/carat
Volume of gravel = 300,000 m2 X 2.3m = 690,000 m3
Tones = 690,000 m3 X 2.14 tfm3= 1,476,600 tonnes
Total carats = 1,476,600 tonnes X 6.8 Cpht = 100,408.8 carats
Anticipated minimum income in US$ = 100,408.8 carats X US$300 = US$
30,122,640.00
(Price per carat based on price as of date of this report)JC Barbeck, President and CEO of VIPR Industries commented, " While cautioning that the report is only an estimate and that actual results could be materially different, the initial data from the pitting and trenching operation is encouraging, allowing the Company to believe the acqusitioncould represent a significant milestone in the Company's history. Provided the Company is able to raise the necessary funds to retain its full or partial ownership position, the property, in a very short period of time could potentially deliver significant revenues through production for VIPR and its partners."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44039950