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CMKX: Best map I have seen yet...
This comes from IHUB's CMKX board:
http://www.investorshub.com/boards/read_msg.asp?message_id=3667111
Kennsington news on Fort a la Corne
Their excitment and efforts further spotlight CMKX's potential and will likely increase the value of the claims which we own. Bo
Victoria, B.C. Wednesday, July 28, 2004 - Kensington Resources Ltd. (the "Company") announces that the forward work program budget for the Fort à la Corne Diamond Project in Saskatchewan has been substantially increased, from $6.0 million to $7.6 million, to cover the scope of the aggressive exploration and evaluation activities that were agreed upon at the Joint Venture meeting of June 16, 2004. Drilling is scheduled to commence in August and a second phase of drilling may be implemented as early as the second quarter of 2005.
As announced in the Company's news release of June 28, 2004, the operator recommended a major shift in strategy for this year's program. Instead of assessing the average grades of individual bodies, the new approach is focused on defining the higher grade units within proximally-located priority kimberlite bodies. Considering these higher grade units in combination as a single resource will permit significant economy of scale to be achieved for a large scale mining operation.
"This is by far the largest program to date in the history of the Fort à la Corne Project," stated Robert A. McCallum, President of Kensington. "We support the major shift in strategy for this year's program and the increased budget confirms that the joint venture partners are fully committed to advancing the project to a development decision as quickly as possible."
A total of eight large diameter (36-inch or 914 mm) minibulk sampling holes will be distributed over bodies 140/141 and 122 designed to increase confidence levels in grade and revenue estimates. Additional HQ coreholes may be required as pilot holes for these large diameter drillholes. An HQ core (63.5 mm diameter) drilling program will be targeted on three of the next most prospective kimberlite bodies in the southern portion of the claims and designed specifically to test for higher-grade zones. Initial planning has resulted in placement of eight coreholes on each of the bodies. In addition, the JV will conduct an NQ core (47 mm diameter) core drilling program to test newly-defined kimberlite targets in the southern claim area that were defined by airborne magnetic and electromagnetic surveys. This part of the program includes testing the large gravity anomaly located adjacent to the east side of Kimberlite 150.
Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. The Fort à la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). The 71+ kimberlite bodies of the Fort à la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS
OF KENSINGTON RESOURCES LTD.
(signed) "Robert A. McCallum"
Robert A. McCallum
President
CMKX: prospector, great post!
It's coming together. Forward thinking leadership, strong partners, an excellent attorney, claims in now 2 million acres of surveyed land, the first of what may well be several dividends for shareholders (which builds a strong base and attracts new investors), the promotional plan, the monies as mentioned in today's pr which will help drilling and other operations, etc.
Good people and good works attract money, talent and opportunity to them and their efforts.
Here's to CMKX and all who invest and believe in them. I see many investors in CMKX who are commited to a life toward helping others as a result of what is likely to occur in our lives very soon. As more and more is revealed about the intrinsic value of our claims and drilling efforts, the more I believe people's prayers and desire for a life of helping family, friends and others less fortunate in mind, body or spirit, will be realized.
Be well. Bo
CMKX: Benefits
They are obviously there in the deal mentioned last night in the pr.
Imagine if the pr simply was a posting of Roger Glenn's quote and his intent to visit the area in August and nothing else. The pps today could have moved 100% or more from yesterday's close.
The twist we now read has had many silent many silent since the pr was put out. I contend we simply need more detail from CMKX of the direct benefit of the deal, which would include a geologic explanation of why this 500,000 acres is so valuable.
The main parties involved, Nevada Mining (NM), and CMKX obviously realized huge benefits for such a large deal.
In the case of (NM), they obviously felt that their 500,000 was worth equal to or in excess of $30,000,000 (75b x .0004) to enter into this deal. They obviously are very bullish on CMKX. The company would only enter into such a deal if they felt the stock price of CMKX would go UP, not down. They confirmed this land be worth at least $30 million by nature of their end of the deal.
More importantly for us, in the case of CMKX, we now have 2 to 2.5 million acres of land which we own claims! With acreage figures in the past stated as 1.4m to 1.9, why would CMKX needs claims to an additional 500,000 acres?? The answer is in the pr. The Goldak survey showed this land to possess great potential.
Urban personally gave up stock worth $16,000,000 (value as of yesterday's market close) to buy these claims. If you or I were in his position, why would we do this? That is such a bold personal step for someone that already owns many claims.
The answer again lies in the details of that 500,000 acres. The company of course will be guided by it's own plan, but as an investor, I would like whatever detail they could provide to expound on this claim beyond what is mentioned in the pr. Mr. Hutchinson could easily comment even in general terms on his conclusions, to assure current and potential investors of it's potential and why.
The benefit for CMKX to do this is obviously there. Staying the course and am sure more will come out about this. Be well, Bo
Mach, I'm with you on
never being one to request stock certificates. In fact, in 20+ years of following the market, never once have I even considered it.
It is truly a personal decision of every stockholder of CMKX whether to do so or not. Each company and stock has it's own pathway to follow. I just find compelling reasons in this instance to do so. Urban's suggestion in his Jan 03 pr was my guide and I was able to deduce the reasons for doing so based on what I saw at the time. His comments last weekend (in light of Atty Glenn being on board) confirmed what I did was hopefully beneficial to the problem, which will ultimately benefit us all.
Thanks. Bo
CMKX: Short Selling Discussion.
If we all were given a nickel for everytime the words "naked shorting" have been used, we'd be wealthy on that premise alone. :)
Of course it's a concern and I like many am very interested in the audit and Attorney Glenn's opinion on the naked shorting issue, (nickel for all) if it does indeed exist.
The only reason I believe more than prior days that it does exist, are the comments made by Urban to Mach and some others at this week's race. It was clear to me from the Jan 03 pr, that naked shorting (nickel) was a possibility. We use the term loosely, but this is a very serious crime. It's very nature is a prima facia case for criminal intent and federal securities charges. I've said before, such revelation by CMKX in the near future, with the comments and representation of an attorney with the stature of Atty Glenn, will shake a very large and deeply rooted tree. IF such practices existed, those MM's and whoever else is involved, will be exposed to criminal and civil litigation. At that time it would be the decision whether to proceed with such litigation, or force and plea and settlement agreement with the guilty parties.
For Urban to state such at the races this weekend, and again verbally suggest for shareholders to request certificates to help the naked shorting issue (nickel), tells me that Atty Glenn approved of Urban's comments and advice to us. As we have seen, after Atty Glenn was signed on, comments were MUCH fewer and even now, "no comment" is the answer to certain questions.
In sum, there is now to me more evidence that such illegal trading practices exist.
However........
The talk of naked shorting (nickel), although very important and valid, talks of half the picture. I know what I'm about to say seems fundemental, but I just think it needs to be thrown into the mix in this discussion.
I'm not a fan of short selling. I know why it exists and am aware of the historical time period it was put into place, but it still doesn't make me a fan of it in today's 2004 market.
If there is a LARGE block or blocks being LEGALLY shorted over periods of time by MM's, forcing the price down, this is another compelling reason to request your certs. I mentioned in my lsat post as the double squeeze that would result with more and more certificates being requested by "team CMKX" (naked shorting & legal shorting). Let's assume the most conservative and bottom line approach for this discussion: - As investor's and believers in CMKX, we don't care if it is being legally shorted to death, or naked shorted (nickel) on top of that, all we know is the price hasn't moved despite a daily diet of BUYS - Let's assume further that it is found that naked shorting doesn't exist, but through MM's strong armed trading practices (freezing and slow walkdowns done through LEGAL shorting), this is the reason the price stays flat despite the news on anomalies, dividends, etc.
Thus, requesting certs would have the exact same squeeze result, resulting in less shares for them to borrow, and an even smaller pot to buy them back to cover.
What follows is an excerpt from a page fully explaining the transaction. I'll provide the link and what follows is an excerpt from the discussion. Here is the link: http://www.investopedia.com/university/shortselling/shortselling1.asp
Here is the excerpt:
" Still with us? Here's the skinny: when you short sell a stock, your broker will lend it to you. The stock will come from the brokerage's own inventory, from another one of the firm's customers, or from another brokerage firm. The shares are sold and the proceeds are credited to your account. Sooner or later you must "close" the short by buying back the same number of shares (called "covering") and returning them to your broker. If the price drops, you can buy back the stock at the lower price and make a profit on the difference. If the price of the stock rises, you have to buy it back at the higher price, and you lose money. "
At least for me, in the case of CMKX, having the cert in my hand ENSURES my shares will not be part of ANY short sellers position.
There's more I'll add to this discussion later today or tomorrow, but whether it be naked shorted to death (nickel), or manipulated in a strong armed manner through collusion and legal naked shorting matters not in the end to me. Securing the Certs is the one way shareholders can AID to the effort of CMKX, Urban and Atty Glenn. Remember, Urban wouldn't state it now if Atty Glenn didn't feel it was wise to do so.
Be well, Bo
Hi all...
Tanned and rested here.
In scanning the past week and weekend race activity, all I can say is wow!
I have many thoughts, but want to digest the happenings over the next day or two to try to zero in on what is most pertinent.
At the top of the list is securing share certificates, which is something I did awhile back as a personal decision to ensure any dividend distribution, buyout or merger possibilities, and was my response to the Jan 2003 pr. Urban's recommendation and reasoning in that pr clearly points out the effect requesting certificates will have on any naked shorting issue. It is cogent and right on the money. I further contend that if "team CMKX" (shareholders) request their certs, not only does the naked shorting position get squeezed, but also those MM's who LEGALLY short the stock. In sum, ANY short position will get squeezed, as less and less shares are available for them to borrow. I have a couple of great reference materials which I'll share as the week goes on to drive this point home.
Mach...thank you. Simply on-point assessment and outstanding work. I concur with zen32. If you are able to establish a rapport with the MM's you met, it would give all a better understanding on how the market is viewing CMKX. As I have stated many times before, valuation of CMKX's claims and the O/S will drive the stock price. It didn't surprise me when the MM confirmed that a valuation on these claims will provide the strongest move. I respectfully disagree with him however that the O/S is not important. Time after time, we have seen in stocks both large and small, that O/S has a direct effect on stock prices. Nonetheless, your instinct to strike up a conversation with the 2 MM's you did was excellent work on your part.
Would you mind if I e-mailed you tomorrow? Nite all, Bo
I listened to the 27min 50sec report.
It certainly seems that the great information this individual reported, was only a small portion of what was discussed today, which is sensational.
I'm not 100% sure where people are getting the .54-dividend/buyout theory. I have to be honest, I didn't hear it mentioned in this report. I'm not saying it wasn't said, there were a few brief seconds where it was hard to make out. If it was in there and I missed it, it's just an honest mistake on this end. Could someone reference if this information (.54) was coming from the guys at the race?
As always, I say lets wait for the pr and see what it says. We can dig further from reports these guys provide tomorrow and Sunday to the .54 story if tonight's pr doesn't contain this info.
If it contains general information about CMKX's selling some claims but no specifics, then follks, we're in business.
Be well all. Bo
CMKX: UC on Paltalk today. Link:
http://www.asiaelements.com/cmkx
Apparently 3 guys who went to the Denver races today were able to send this through. Take it for what it's worth. Those who claim to have met UC confirm it is him. You can hear dragsters in the background. He sounds upbeat, and it's clear Roger is still very much on board. I found this off of the proboards34 board. Bo
CMKX: Morning all. Dr.D made an excellent point
last night on the timing of pertinent pr's. What follows is a quote from a portion of his post:
_________________________________________________________________
From Dr.D's post:
"The PR’s have not been uping the PPS because of the heavy share volume from potential naked short selling so until that item is resolved in my opinion save the big PR’s until they have the full potential to be realized in a PPS boost."
_________________________________________________________________
Of course we all have no insight as to the timing or content of future pr's, thus we should not heighten our expectations or rely on anyone's opinion (including mine) based on our thoughts.
However, I respect his fact-based approach and have always applied that to my investment decisions and posts even before reading his offerings on CMKX.
In this case, I think he NAILED it.
Save the punctuation comments for the bashers who are now appearing on other boards using humor to deflect great points and great posts. Over the last week, that seems to be the subtle way to bash. Reading the above speaks volumes.
Be well, Bo
SSWH: ready 2, I agree with SSWH4me. During
the spring, there was untrue claim after untrue claim. It hurt the pps, when in fact SSWH is progressing nicely. Mach's excellent work and rapport with the company will ensure to keep it real from here on out. : ) Bo
Mach, great insight.
I saw a couple of posts today which echo my sentiments on a minor issue. If it isn't resolved soon, it will become a larger issue by the day however.
There is no reason that in 2004, current websites cannot be up and running for casavantmining.com, CMKXtreme.com and CMKX.com.
With that said, there is no reason that these sites cannot be up and running within the next week to ten days, and that is being generous.
The few friends and family I told of the investment over the past month had been curious to learn more and possibly invest.
I let some of them know of the race last night. The CMKX name was all over the place, and the 'GOT CMKX?' had the same reponse from those I called. They said that people would do what they all tried both during and after the race, which is go to CMKX.com and CMKXtreme.com. Both sites were not up to date, and the logical site people would first go to, CMKX.com, is not even up.
Getting those sites up and keeping them current is something very common in today's business world. I hope they move to do this.
And yes, empirical information on O/S and valuation of the claims can come at anytime. Also some communication regarding their disposition of the naked shorting issue, and their intentions to address this issue through Attorney Glenn. These should be a known at this time. I'm not saying lay your attack plan on the table, but at least acknowledge the issue and if they intend to address it. Be well, Bo
Long article dated 7-15-04. Worth the read.
Changes for the better need to occur soon:
http://www.knobias.com/individual/public/news.htm?eid=3.1.e61c61a0be49c86e748a6ebf2ffcc9699a2c56735e...
go bigdamnwally go.
What is fair is all we ask. They've had their fun at our expense far too long.
I love the name by the way..lol Bo
My take on it all.
One thing is for sure, we sure have invested in a very confident company. Sponsoring an entire truck series, and a NHRA Top Fuel funny car and Pro-Stock motorcycle is national promotional blitz campaign bar none.
D. Roger Glenn plus the above tells me something is behind this more than we know. I think and believe we have moved beyond that Urban is stealing from investors to support his sports interests. This is too open, to easy to bring down if wrongdoing occurs. Too many of us, and too many inside the racing community that have placed their money and trust in him as well. He would fall fast and hard, and he knows that.
Roger Glenn's involvement along with this incredible marketing and promotional campaign that is in full swing, sets the stage for what is to come.
1. Share Structure
2. Fully reporting
3. Moving to an exchange.
4. Appraised value of claims in light of the Goldak Survey.
5. Possible Merger with JV Partner or larger mining company.
6. Possible buyout from a larger company with Board of Director's
approval, at a premium of pps.
7. Staying the course with successful samples and bulk mining,
but buying out sharholders at a premium of the pps.
8. Staying the course and remaining public, uncovering any MM's
that have been guilty of naked shorting. This national
presence now being established, WILL make CMKX's access
to the larger mainstream national media a likelyhood rather
than a possibility.
Urban, you have my attention sir. I'm buckled tight. Let it rip.
Just my .02 and my opinion only. Be well, Bo
http://www.nhra.com/2004/news/july/071403.html
Jim Dunn inks rock-solid marketing partner for 2005
--------------------------------------------------------------------------------
Jim Dunn Racing has signed CMKM Diamonds, Inc., as its primary marketing partner beginning in 2005. The multi-year agreement serves notice to the competition that the new CMKX/Lucas Oil Funny Car will race to win during the entire NHRA POWERade series.
To demonstrate the strength of this new partnership, CMKM has obtained a prominent associate-level spot on the K&N Filters/Lucas Oil Funny Car for the remainder of the 2004 season. In doing so, CMKM is proud to be associated with some of the most respected names in the automotive aftermarket industry.
"We couldn't be more pleased to be making this announcement at the half-way point of the season," team owner Dunn said. "With CMKM coming aboard early, it allows us to build our relationship and develop a high-impact campaign for the coming year. Starting in 2005, we'll be known as the CMKX/Lucas Oil Funny Car."
CMKM founder and Chairman of the Board, Urban Casavant, is a veteran in the precious metals industry, having almost 20 years of experience.
"I'm excited to be associated with Jim Dunn Racing," Casavant said. "This is a first-class operation, and with 'Big Jim's' know-how, our team will be in the winner's circle soon. In my opinion, our first big win will equal the excitement of discovering a new minerals claim."
CMKM Diamonds, Inc., is a mining and exploration company with abundant mineral claims in central Canada. The company has over 1 million acres claimed in the Saskatchewan Province of Canada. A great new alliance has been formed and all parties are ready for action.
Online petition against naked shorting link:
http://www.investigatethesec.com/index1.html
CMKM Diamonds Launches National Television Exposure and Awareness Campaign
7/14/2004 5:44:00 PM
LAS VEGAS, Jul 14, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) will launch the first of 12 nationally televised events tonight on the Outdoor Channel at 6 p.m. PST as part of the "Speed Zone" programming. The "ASA Speed Truck Challenge ... presented by ... CMKXtreme.com" will broadcast race one of six races for the Southwestern truck racing series to a national audience and Canada on the Outdoor Channel tonight at 6 p.m. PST followed with a repeat broadcast this coming Saturday night, July 17 at 11 p.m. PST.
The national exposure and awareness campaign is aimed at the motor sports industry and the remarkable group of enthusiasts it attracts. This group of 75 million fans is brand loyal and spends over $2 billion a year on companies involved in the racing industry and racing-related products and services. The "Prime Time" broadcast will promote the CMKM Diamonds Inc., CMKXtreme.com and ASA Speed Truck Challenge brands to these emotionally charged fans who have desirable demographics and support our sponsors passionately.
The national television campaign for CMKX begins tonight and will continue through Dec. 18 with broadcast No. 12 of the "ASA Speed Truck Challenge ... presented by ... CMKXtreme.com."
2004 National Television Broadcast Schedule
RACE DATE RACE TRACK NETWORK/PROGRAM BROADCAST
DAY/DATE/TIME
JUNE 26 MESA MARIN RACEWAY OUTDOOR WED., JULY 14 @
CHANNEL/SPEED 6 p.m. PST
ZONE
JUNE 26 MESA MARIN RACEWAY OUTDOOR SAT., JULY 17 @
CHANNEL/SPEED 11 p.m. PST
ZONE
JULY 10 IRWINDALE SPEEDWAY OUTDOOR WED., AUG. 18 @
CHANNEL/SPEED 6 p.m. PST
ZONE
JULY 10 IRWINDALE SPEEDWAY OUTDOOR SAT., AUG. 21 @
CHANNEL/SPEED 11 p.m. PST
ZONE
JULY 31 ORANGE SHOW SPEEDWAY OUTDOOR WED., SEPT. 1 @
CHANNEL/SPEED 6 p.m. PST
ZONE
JULY 31 ORANGE SHOW SPEEDWAY OUTDOOR SAT., SEPT. 4 @
CHANNEL/SPEED 11 p.m. PST
ZONE
SEPT. 4 LAS VEGAS MOTOR SPEEDWAY OUTDOOR WED., OCT. 6 @
CHANNEL/SPEED 6 p.m. PST
ZONE
SEPT. 4 LAS VEGAS MOTOR SPEEDWAY OUTDOOR SAT., OCT. 9 @
CHANNEL/SPEED 11 p.m. PST
ZONE
OCT. 2 LAS VEGAS MOTOR SPEEDWAY OUTDOOR WED., OCT. 20 @
CHANNEL/SPEED 6 p.m. PST
ZONE
OCT. 2 LAS VEGAS MOTOR SPEEDWAY OUTDOOR SAT., OCT. 23 @
CHANNEL/SPEED 11 p.m. PST
ZONE
NOV. 13 LUCAS OIL 1-10 SPEEDWAY OUTDOOR WED., DEC. 15 @
CHANNEL/SPEED 6 p.m. PST
ZONE
NOV. 13 LUCAS OIL 1-10 SPEEDWAY OUTDOOR SAT., DEC 18 @
CHANNEL/SPEED 11 p.m. PST
ZONE
The Outdoor Channel is available to all cable systems in the United States and Canada. It is sometimes carried as a basic cable channel or as a part of the technically advanced digital cable package offered by an increasing number of cable operators. The Outdoor Channel is also available to anyone in the United States and Canada on the Direct TV (channel 606) and Dish Network (channel 153).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
SOURCE: CMKM Diamonds Inc
SSWH: Mach I believe more than a few of us are
wanting to fill today. Include me on that list.
If this was traded freely, I'm sure much more activity would be seen and buys at levels 50% to 75% higher than current levels.
I'll bring the petition to the board I'm sure some have seen before. It's interesting to read the comments from companies and investors alike within the petition. WHEN that story breaks and criminal litigation is threatened or a reality against MM's things will change. Also needed, is a total and complete barring of naked short selling in the United States markets. Period.
That would be great. I'm hoping to see their
news land on the brokerage sites today or tomorrow.
Off and running here. :) Bye for now. Bo
SSWH: http://www.nba.com/lakers/news/broadcast_team_030612.html
Mach, are you thinking of accepting their invite to visit on July 29?
One would think exciting prospects are now before them if they wanted to invite you back that quickly. I was encouraged by their willingness to send you information regarding their agreement with Mr. Wilson. When they do send it, would you be kind enough to e-mail or share with the board?
It's been a busy week here. Catching up on some accounts while preparing to go on vacation next week. You know how that goes. So if you're not seeing me much, it's because of burning a few candles at the same time on this end from morning til night. I'm leaving early Saturday and will be back next Saturday.
Looking back at when you visited them in the spring, I do wish to say something. You were right on the money with your assessment of what was shared during that visit, and it was 2 or 3 others who were making false over-optimistic claims. The information you shared after your visit at that time has proven to be correct from the time of your visit until the present.
It was then when you said based on your meeting, it would be in July when things would come together and get more exciting. Based on your report, which was great DD, this will be fun to watch. It's a great concept with impressive potential. I much more assured seeing they have set in place a manufacuring and distribution plan, along with commencing on-line ordering. This tells me they obviously foresee accounts which will be attractive to the general public. Be well, Bo
Catch up with all later. Bye for now.
Mach, oustanding. It is very good to know of
Mychal Thompson's visit! Also their trip must hold much promise if they are inviting you back at the end of the month.
Simply great work and DD. Bo
Mach, thanks for your work. I just
signed onto your e-mail list. Will it be sent shortly, or will it automatically be sent upon me just now signing on? Bo
CMKX: Excellent article on sampling results.
What follows is an excellent article regarding bulk sampling, which follows up on my post last night regarding the Kensington/Debeers find. The article begins stating that the initial test drilling and evaluating the kimerlite in a region are the key first steps in this scientific process. This is a step by step process. Test drilling IS NOT going to result in report of a treasure chest of diamonds. Microdiamonds such as we found will result, as well as a geologic study of the kimberlite being tested.
Based on the evaluation of our first drilling and the results of a very impressive survey, I am looking forward to Mark Hutchison speaking to the value of our claims. That along with knowing the O/S and tradable float, will allow the market to determine the appropriate pps based on these and other factors.
Again, note the tonnage sampled in the Debeers/Kensington find. Now look at Shore Gold's 2 latest press releases. In June, 4,913 tonnes of dry kimberlite were tested in their find of 344 carats. This month they report 111 carats from 1,605 tonnes of dry kimberlite. Ours was a test hole of 80 lbs. I look forward to the day a targeted test site based on our recent survey is a candidate for bulk mining. So in tempering the discussion so emotions don't flare up again and again, test sampling is just that. Moving forward to bulk sampling a promising area is one of many things in the near future that makes this company exciting.
The article I read is long. I am taking an excerpt from it to repost here. Keep in mind the tonnage sampled in the above mentioned finds as you read the information below. We're on the ground floor of something that has a lot of promise. Be well, Bo
_________________________________________________________________
The only way to get a definitive answer is to collect a "bulk sample" of 10 to 100 tonnes, for example, and process the sample to recover macrodiamonds (>0.4 mm in size). Usually sample processing is done via a dense medium separation plant (DMS or HMS), jig or diamond pan.
An example of a mobile exploration HMS MkIII commonly used in exploration and prospect testing in Australia is shown in the photo on the left. The plant has a HMS cyclone capacity of about 7 tonnes per hour which gives the plant a feed capacity of about 20 tonnes per hour (depending on the type of feed to the plant). New technological developments by Gekko Systems using an In-Line Pressure Jig can substantially increase the capacity of these small plants to approach production scale capacities.
Grade Estimation
The estimation of diamond grade is the process of determining the average weight of diamonds per unit mass or volume of source rock. The diamond weight is a function of the number of the number of diamonds and the size of these diamonds. The average or mean stone size of recovered diamonds is obtained by dividing the total carats by the number of diamonds. Grade can be expressed as;
Grade = diamond weight (carats) / sample weight (tonnes) or volume (m3),
and diamond weight = number of diamonds x mean stone size.
The diamonds recovered from sampling are weighed and the weight used to calculate the grade in carats per unit volume or mass (carats per cubic metre, ct/m3, or carats per tonne, ct/t). One metric carat is equivalent to 0.2 grams. The problem involved with diamond grade estimation is due to the typically small number of (usually small) particles per unit volume (or mass). It is basically a sampling problem where the larger the sample, the better is the grade estimate - but the higher the cost. A balance must be struck between the cost of the sample collection and processing, and the accuracy of the resulting estimate.
The preferred size of the sample can be estimated by statistics. A sample size that returns about thirty diamonds (or "stones") will give a "statistically significant" result but this may be impractical at the early stages of an evaluation program. In a preliminary sampling program, where there is no past data on the grade of the deposit, a useful starting point could be to use the world average for commercial diamond mining operations (Bliss 1992) as follows;
- average grade of 50 carats per hundred tonnes (cpht),
- average diamond size of 0.1 carats per stone (ct/st) and
- average diamond value of 50 US$/ct.
With this first ‘guesstimate’ of the diamond grade and size, the number of stones per unit volume (or mass), the "stone density" in stones per cubic metre (st/m3) or stones per tonne (st/t), can be calculated. Using the relationship above and the worlds average data, then the following can be derived;
Stone Density = (Grade / Av Stone Size) per unit volume or mass,
therefore if the Grade = 50 cpht = 0.5 carats per tonne (ct/t),
and the Mean Stone Size = 0.1 ct/st,
then the Stone Density = 0.5 / 0.1 = 5 stones per tonne.
The results indicate that on average, in the above example, 5 diamonds should be recovered from each tonne of processed source rock. To recover 30 diamonds we would therefore have to process 6 tonnes of source rock.
Typically, a deposit with a high stone density will be easier to evaluate than a deposit with a low stone density because the sample size required to recover a significant number of stones will be smaller. At the very high grade Argyle Mine in Western Australia, where the mean stone size is small (» 0.08 ct/st) (Atkinson et al 1984) and the stone density is high (» 60 st/t), samples of only one tonne were more than adequate to obtain an initial grade estimate.
The number of diamonds recovered from a sample will also depend upon the smallest size of particle recovered. In pipe evaluation, the macrodiamond is usually considered to be of a commercial size, ie. greater than about 0.5 mm, and below this size the diamonds are considered microdiamonds and are not usually recovered during commercial mining operations, except in the Sakha (Yakutia - Russian Federation) diamond mining operations. However many exploration companies use different definitions of what is a macrodiamond or microdiamond and care should be exercised in using this term; unless it is clearly defined. Australian and North American exploration companies usually use the term microdiamonds for diamonds less than 0.4 or 0.5 mm in size and usually recovered during early stages of an exploration program.
In primary diamond deposits, the number of in-situ diamond particles will usually increase, as the diamond size gets smaller. Diamond size distributions tend to follow a lognormal distribution. This means that the stone density, i.e. the recovered number of diamonds, is also a function of the recovered size range. The remainder of this discussion will focus on grades using the macrodiamond (greater than 0.5 mm) population. The relationship between microdiamonds and macrodiamonds have been discussed by a number of authors; eg. Deakin and Boxer 1989, etc.
CMKX: Competitor Comparisons
Doing some research on some of the competitors in our region who have successfully tapped the Fort A la Corne region. In looking through some of the major competitor's site, history and exploration activities, it's clear that through this staged process of exploration and mining, CMKX's claims and findings to date are impressive.
I'm trying to focus on the history of the large mining companies in this region, Debeers, Kensington, Shore Gold, BHP, etc.
So far, I have found none that in their early stages have the large number of claims CMKX currently holds. I'll try to pull specific links from sites or news links as I find them, but this is from Kensington's website on their partnership with Debeer's:
http://www.kensington-resources.com/s/Property.asp
As you read through it, look at the tonnage amount in their samples, keeping in mind that CMKX's initial reported sample was ~80 lbs.
Look at the number of magnetic anomalies found by Debeers and Kensington in their recent airborn survey. Six
Keep in mind the number Goldak found in surveying our claims.
I'll try to keep looking at similar stage comparison through the week. If others have good information on this they wish to share, all the better. Bo
CMKX: This find by alfomny:
Lunchbreak here, so wanted to post this before heading back out.
I copied an excerpt of this new article from Globe and Mail (globeandmail.com) as posted by alfromny.
I am not sure how old the article is. I couldn't locate it on current news. It is even more relevant now if this article is 6 months to 2 years old. On the Debeers Canada website I viewed early this morning, they certainly have an interest in the area.
I'll post more from that later today tomorrow.
For now, I found this to be a great insight in what Debeer's thinks about the future of Canadian mining in Fort a La Carne. Be well. Bo
_________________________________________________________________
Excerpt from Globe and Mail's story on Debeers:
In an office in De Beers's sleek, black-windowed building in Toronto, I spent an hour and a half one
afternoon talking about Fort à la Corne with Joe Joyce, De Beers's chief of exploration in Canada, and
Richard Molyneux, president and CEO of De Beers Canada Corp. Molyneux is South African and Joyce
is British, but both are really citizens of De Beers. They behave like imperial generals who regard with
interest, but not fear, the strutting of the provincials. Joyce and Molyneux were clearly uneasy with
important Kensington assertions about the Saskatchewan deposit-ease of stripping, throughput of mill,
life of mine. Yet as Molyneux himself said, the FalC 140-141 pipe "is the biggest kimberlite body within
the Fort à la Corne area, which is the largest kimberlite province in the world."
De Beers cannot afford to turn its back on such a target. There is a long string of "ifs" between this
moment and that point in the future when the venture might decide it had a mine, but the possible payoff
is too big to ignore. Said Joyce: "It's why we're there."
It seems incredible today to recall that when Zimmerman began his travels in what was still the old
diamond empire, the question was whether a new supply of rough could be marketed outside the De
Beers cartel. In not much more than a year from now, the Canadian diamond stream will have swelled
to a million carats a month, all of it rushing out of the Barrens and into an eager trade. If De Beers
succeeds, as it probably will, in ironing out its difficulties at the Victor pipe, and if other targets such as
Fort à la Corne prove out, the tide of Canadian production will increase still more.
I pressed Zimmerman for his opinion on the place Canada might some day occupy in the diamond
world. It's something that is always being asked at diamond conferences, as industry watchers
exchange the usual speculations about the rise or fall of Russia and the scene in the formerly war-torn
parts of Africa that happen to be diamond-rich. "When we were asking ourselves at BHP the question,
'How big?'" he said, "we always gave Botswana first place. As to who would be the second-biggest
producer down the road, you have to be looking at Russia and Angola. But there are problems in both
places. So could Canada be the world's second-biggest producer? You bet."
Mach, thank you. I'm leaving in 10 min myself for the day and will be checking in later today or this evening. Be well, Bo
Indeed. Be safe and good luck today. The only
thing I wished to tell you concerning one of the questions I addressed is the one concerning the patent. When I posted the glass fusion pantent on allstocks to someone curious as to what it was, about one month later (just posted over a week ago) was an ALLEGED e-mail from Mr. Wilson who's name is behind the patent. In this reposted alleged e-mail, it stated that they were unsure of whatever became of it and weren't familiar with SSWH.
Please note, this e-mail had no header or trailer to determine it's validity and this person never posted the header or trailer when I asked. That's why I state it was an alleged e-mail. So Sir Mach, any clarification (the more the better) on the patent they are referring to in their website would be greatly appreciated. Thanks again. Bo
CMKX: Morning all!. Mach, Debeer's plea as reported
in that article is a significant read to bring to the board.
With the United States purchasing 55% of the world gem diamonds, Debeer's mining activity will serve to be of importance to them more than ever.
I'm not sure of the exact acreage or claims Debeer's currently owns on the adjacent property of CMKX. Reports have told us 50,000 to 55,000 acres, and I heard reports of anomalies that were low in comparison to CMKX.
What we are sure of is that CMKX owns a large number of claims over land measuring between 1.4 and 1.9 million acres. We are also sure that the magnetic survey done less than 2 months ago showed hundreds of anomalies that were filtered.
The exciting prospect of CMKX to me is in the valuation of the company. Companies that sell products or services, need revenue to allow the market determine their intrinsic value and market value (pps). With CMKX, the value of their claims I believe are being determined in light of the anomalies alone.
Unlike companies which need revenue from their product or service to determine their value, CMKX does have an intrinsic value as we speak. Given the finds in the areas surrounding us over the past 13 years since BPH's initial strike, I would contend geologists, including our geologist Mark Hutchinson, have placed a value on the claims alone in light of Goldak's survey.
If Debeer's is granted access to the US market after decades of being shut out, then guess which claims have just become more valuable to Debeer's?
Be well, Bo
Itsonly, good post. Conflicts in the
definition of O/S vs Float are out there, and I didn't mean to misconsture their meaning in my post. I'm very glad you brought it to light.
For example, this link here defines O/S and the Float the same:
http://search.wallstreetcity.com/wsc2/GENERAL_FREE_SEARCH.html?Button=Description&CRITERIA=094
There is another link I had reference at one time but can't seem to locate it.
But your point is important. What I was trying to convey in my post in that sentence was the "Tradable Public Float".
Meaning there may be insider shares that are restricted to be sold. Some have said last year Urban restricted his shares from being sold for 3 years. I would be most interested if someone could post the filing to this or the pr which states this so follow up can be done. Next week, I'll try digging, hopefully with others to see what can be found.
Thanks and be well. :) Bo
misisip and all, you do have my persmission
to post any of what I post here on other boards. As long as they aren't edited in any way, go ahead and copy and paste away. :)
misisip, I only posted on Allstocks, but like I was saying earlier this week, this is becoming the only board with consistant good DD, teamwork and no "over-the-top" drama. That's why I plan on posting here only.
If you do copy THE LIST post, you can also copy my post on DIMAOND MINES, shown on the History Channel, and the post of WHEN BUYBACKS MAKE SENSE.
I believe that THE LIST provides the most relevant roadmap for what to look for in the near future that will determine company value and market (pps) value for us.
In my humble opinion, there seems to be 4 scenerio's that can result, all of which are good for current sharholders.
1) The company remains it's own entity and becomes a reporting company. CMKX then adds value to it's balance sheet & market capitalization (pps) by continuing drilling and mining operations on it's own or with JV partners.
2) A merger takes place and this new entity becomes a reporting company. It then adds value to it's balance sheet & market capitalization (pps) by continuing drilling and mining operations as a now larger company.
3) After becoming a reporting company, CMKX (on it's own, or post merger) can initiate a share buyout IF (and only if) the market value (pps) is below the intrinsic value of the company (See Warren Buffet's article). A share buyout would likely NOT occur if the market value (pps) is in line with the intrinsic value of the company.
4) After becoming a reporting company, CMKX (on it's own or post merger) with the approval of the Board of Director's, can accept a bid for any or part of it's claims or finds by larger competitor's most likley already in the region. (See my DIAMOND MINES post).
Note, becoming a reporting company is key for #3 and #4 to occur. That's why it is exciting that it's being done.
Roger Glenn's involvement has the attention of many, including the larger companies in the region. He and his firm carry too much weight to be ignored. The future holds much to be positive about.
Off to enjoy the weekend. :) Until Monday, be well. Bo
CMKX - Hi all. Here is the post I promised.
I'm not interested in the drama of his speculation regarding the behind the scene history. It's plausible, but truly, who is to guess and be right? However, what grabbed my attention big-time is his perspective and THE LIST of things to anticipate occurring in the near future that will help us all. This post, along with my summation of the Diamond Mines show on the History Channel, and my post of Mr. Buffet's views of of share buybaks and my take on it with regard to CMKX, may give investor's ket things to look for in terms of activity and pr's. The combination of the 3 posts should provide the keys to valuation of the company and it's share price.
His post is outstanding and I hope you get as much out of it as I did in realistically looking at the near future. Be well and have a good weekend all. Bo
_________________________________________________________________
What exactly are UC’s plans? By carefully analyzing the past of Mr. C, I believe that we can draw a picture of where this is heading and even predict with some accurately, the next “move”and where we are now in this game.
Well, I have shown some history of Mr. Casavant in some earlier posts.
As I have posted before (from some research on UC), Mr. Casavant has once before done very well at acquiring claims in a ‘hot’ area and then selling these claims for some substantial gains as the frenzy of the area peaked.
And I believe that was exactly his intention this go-round as he built up his claims in the Fort a la Corne region.
He became interested in this area (as did Rick Walker) as companies like Kensington and Shore began reporting successes in the region. So I believe that he saw the opportunity to again move some claims and make some substantial gains.
Didn’t work.
Others were already too involved with their own claims/projects and he couldn’t find interest in his claims.
He spent a couple of years “saber-rattling” about drill targets, permits,buying drill equipment, etc. all aimed at building interest in the Casavant claims.
But like I said, didn’t work..
So what do you do? You have over a million acres of claims in an area that has all of the markings of a great diamond play… what do you do now?
Especially after being “snubbed” by the “big boys.”
You beat them at their own game.
After Kensington and others kept reporting more and more positives of their efforts in the area, I believe that UC came to the conclusion (with some moral and financial encouragement of some others, like Mr. Walker) that he actually could be successful at a full blown exploration of his claims. What must follow must somewhat be considered a two-pronged attack.
You must restore stockholder confidence and value while at the same moving forward with exploration efforts.
First off on the stockholder side, you must restore credibility. You announce that a full audit will be forthcoming with the goal of becoming a fully
reporting company. You announce the intent to move to a new transfer agent. You change your name. You are not any longer “Casavant Mining Kimberlite International”… you announce that the new company will be named “Casavant Diamonds”, aligning yourself much tighter with your goals
and intentions.
Now on the performance side… first and foremost, you must drill for diamonds.
But where? You schedule a full, complete magnetic survey of all of your one million plus acres to plan drill sites. To move along quicker, I believe that Casavant drilled at the Smeaton property to simply punch a hole on the land of
that had the highest likelihood of kimberlite/diamonds BASED ON THE INFORMATION THAT HE HAD AT HIS DISPOSAL.
What information? None really. Not without the survey of his claims.
But Mr. Walker had had some experience with the Smeaton property before. He knew for a fact that there was kimberlite on the land. Although the results from previous drill attempts on the Smeaton land were not too exciting, to say the least, at least kimberlite was found. And most involved considered the testing “incomplete” at best. Nobody involved ruled out the possibility of there still
being diamonds on the Smeaton property.
So, while waiting for his magnetic survey results, Mr. Casavant, ever the entrepreneur and risk-taker, started drilling on the Smeaton property.
Although deep quantities of Kimberlite were found, core results from this initial drilling were disappointing to many, although better than when the Smeaton property was previously sampled.
While waiting on the core results from the Carolyn pipe, Casavant hires one of the most well know, influential securities attorneys in the country. We hear more often in pr’s of his intent to become a fully reporting company.
Then, we hear the announcement that the magnetic survey is complete.
We now know who our trsnfer agent is and look forward to the audit of the shares and the company.
So let’s stand back at a distance, take a look at what has happened and try and figure out what comes next.
Maybe the best way to come up with where we’re going next is to look at all that must happen and simply eliminate what has already happened.
Here is what we need to see to complete the move to a credible, respected diamond exploration company (not in any kind of order)…
1. Complete internal audit
2. Transfer agent finalized
3. Magnetic “picture” of ALL of your claims.
4. Disclosure of share structure to your shareholders
5. Hire securities attorney to protect interests and aid
in movement(s)to become reporting and move to different exchange
6. Announce next drill target(s) based on magnetic survey
7. Announce filing of documents to move to new exchange
8. Announce successful move to OTC exchange.
9. Announcement of estimation of valuation of cmkx claims.
10. Announce drilling commencement on new drill targets.
11. Announce core samples results from core samples of latest drill.
You can figure on repeating numbers 8 and 9 as we move on in our future as a exploration company.
Ok, so let’s see what we’ve (Casavant) has done already…
1. We’ve seen the announcement that First Global is our TA, which should mean the completion of the internal audit.
2. We have completed the magnetic survey (guys, this will turn out HUGE).
3. We have hired an outstanding securities attorney.
So what we have left is the share structure disclosure, drill targets announcement, announcement of filing docs to move to different exchange, announcement of successful move to new exchange, and drilling / results from new drill targets.
After results from targets reveal some positive results we will probably also see some sort of announcement of valuation of claims. This announcement could even come sooner, but will hold less weight and be less effective to the pps without positive drill results.
So what would logic tell us the next announcement that we see will be right now?
I believe that we will shortly hear of the share structure and or the filing of documents to move cmkx to a different trading platform soon.
I believe that thereafter, we will hear of the announcement of selected drill targets (after drilling actually begins).
During the time of drilling or after drilling (waiting on core results) we will hear of the
pending / completed move to a different trading exchange.
Then we will see a steady supply of drilling / core results samples and possible mergers and/or claim sales.
It’s happening now guys. You simply can’t ignore what has transpired in the past few months. And each of these future "steps" of the Casavant Maneuver will yield a surge in the floor of the pps.
And each of these steps that comes true only makes the remaining steps much, much more likely.
Don’t miss out.
Look at what has happened. Look at what is going on. Look at the people involved.
Again, don’t miss out.
CMKX - When Buybacks Make Sense, by Warren Buffett
Berkshire Hathaway Chairman Warren Buffett has written extensively on the proper use of share buybacks in his annual shareholder letters, demonstrating his fondness for companies that engage in share buybacks when shares are significantly undervalued. The following is taken from his 1984 letter (I have edited it slightly because of space considerations):
The companies in which we have our largest investments have all engaged in significant stock repurchases at times when wide discrepancies existed between price and value. As shareholders, we find this encouraging and rewarding for two important reasons. The obvious point involves basic arithmetic: major repurchases at prices well below per-share intrinsic business value immediately increase, in a highly significant way, that value. When companies purchase their own stock, they often find it easy to get $2 of present value for $1.
The other benefit of repurchases is less subject to precise measurement but can be fully as important over time. By making repurchases when a company's market value is well below its business value, management clearly demonstrates that it is given to actions that enhance the wealth of shareholders, rather than to actions that expand management's domain but that do nothing for (or even harm) shareholders. Seeing this, shareholders and potential shareholders increase their estimates of future returns from the business. This upward revision, in turn, produces market prices more in line with intrinsic business value.
________________________________________________________________
In the case of CMKX, I'm am not speculating this as what will occur. However, after seeing "Diamond Mines" last nite, I better understand the magnitude of this industry and the history of companies buying back shares to go private, or be open to a buyout from larger players, such as Debeers. In doing research tonight, I found Mr. Buffett's piece wonderfully similar to a position CMKX be at in the near future.
The position CMKX will face has always boiled down to only 2 points. All the other talk, rumor and speculation simply carries no weight. These 2 factors I mention are THE PRIMARY forces of pps and company value.
First is the Outstanding shares (which is defined as the issued shares less those held by insiders of the company). This will be known in due course, and likely soon.
Next is the value of that land and those claims owned by CMKX.
Prior to the magnetic survey being done, the geologist for CMKX estimated a $40 billion dollar figure. I am more than curious as to what his and other geologist's thoughts are on value in light of this survey.
Once Outstanding shares are known and a value is placed on the company's holdings, the market should reflect the proper share price. If it doesn't, then I contend Mr. Buffett's theory would then come into play as a consideration of CMKX to buyout our shares at a premium to the market price at the time, OR a bid is made for our shares at a premium by a competitor.
I'm going to call it a night and won't be on tomorrow other than very late afternoon, but when I am on again, remind me to copy a post I read earlier this week which was outstanding in listing the REAL events to expect to see and likely occur over the next 2-3 months. The events are tied to either O/S or company value. It is those 2 issue which will drive the market price and value of CMKX. Be well. Bo
CMKX- From another board, Today's trading information
___________________________________________________________
Thursday, July 8th
.0002
# Trades – 75
# Shares – 199,029,252
$ Volume - $ 39,806 ~ 2 % of total $ volume
.0003
# Trades – 2046
# Shares – 7,603,502,364
$ Volume - $ 2,281,051 ~ 95 % of total $ volume
.0004
# Trades – 98
# Shares – 169,441,926
$ Volume - $ 67,777 ~ 3 % of total $ volume
http://www.investorshub.com/boards/read_msg.asp?message_id=3514152
Now tell me how the price can stay where it is with all them buys. Can you say manipulation.
________________________________________________________________
This person did great work, and raises what many may agree is a very valid point. Bo
SSWH- Excellent work Mach. I do remember
when you came back from your first trip, your report was honest, detailed and as it turns out, 100% accurate from that time until now. I do also recall you indicating that July would more likely be the time when things begin to transpire.
Best of luck and have a safe trip.
I said goodbye to Allstocks and decided to begin posting here. More teamwork, a more even keel and getting to the bottom line of issues on your board here. Seems the egos and heavy drama are spared for the most part. A little spice is nice, but the others boards are way out of control. Bo
SSWH: Mach, do you still intend on visiting SSWH officers this weekend?
Mach, good posts.
If you follow the activities of the company and the pr's, and have ignored RB, IHUB's CMKX board, Allstocks and the "unnofficial CMKX boards", you would be seeing a 300% to 400% gain in 10 weeks, based on the .0001 levels at the time. I say 300% to 400% because the close seems to be either .0003 or .0004 today.
You cautioned INEVES appropriately about the rumored 400b figure.
The alleged certified letter Pacific received from 1st Global, like you stated, was reported to be false. The company categorically denied this on IBC Radio.
The reason you see more posts from me here, is that Allstocks is resembling RB in blantant and subtle ways without moderation.
I stated 2 or 3 times in the last week that I would be surprised if any mention of the firing of Pacific will be seen. Futher, if it would be mentioned, reasons would not be given, but the pr would be professional and to the point.
However, it seems valid posts are not acknowledged for further discussion on Allstocks anymore, and they too easily become lost in the personal back and forth.
In this matter, I would suggest all read then 2 pr's of June 4, 2004 and understand how important their goal is. Understand how important the hiring of Roger Glenn is in this process.
My work requires my involvment in corporate civil law. A law firm of that magnitude does not take on this endeavour, if this was a small cap matter or an illegitimate endeavor. It is, and we have the best seat in the house.
As for AMEX listing...it is possible with a merger or if the company is taken private with a buyout. But let's not create a bubble of ideas that don't exist yet only to be disappointed.
It's cool to specutlate, but important to add a disclaimer to anything said so no false turst it built. Be well. Bo
CMKX- Mach, here is my summary of the show and
my take on it's great importance that I posted last night.
You were on point in your mention of Debeers. BHP and Shore Gold are players to keep in mind as well.
_________________________________________________________________
Hundreds of anomalies which have been filtered.
The value in the magnetic survey done by Goldak Airborne Surveys is the key to placing value on these claims owned by CMKX. The biggest names in the industry surround them. I cannot speculate on the future, but if the past is any indicator, it is crystal clear why Roger Glenn is involved. The share structure will take care of itself with his guidance and work.
In light of the survey, the key is...the value of that land.
Indulge me in hitting the highlights of the Diamond Mines show presented by the History Channel. I'll try to hit the pertinent points of this exclusive, but significant industry.
They told a history through the early times beginning at middle of the last millenium which was interesting.
Then around 1890, it was found that South Africa came to be central focus of the diamond craze because of the high content that was being excavated. A town formed in that area simply because of this rush, and was named Kimberly. 31 mining claims by a small partnership were in place there in 1900. The mining was done by hand involving the work of hundreds and thousands of people day in and day out. The mines were not secured properly because of the composition of sand, and many mines collapsed, killing many people, so the effort became frustrated after some time and these recocurring tragedies. At the time, a man named Cecil Rhodes was an entrepreneur who didn't have an interest in diamonds previous to this. He ended up buying the 31 claims. He also bought the land from the Brothers' Debeers for $6,000.00. It was Cecil Rhodes who invested in the right mining equipment and successfully became the largest diamond producer in the world at that time. He named the company Debeers, and he produced 95% of the world's diamonds during the beginning of the 1900's. From that time until after the second world war, Debeers would buy most of any operations that would pop up in this area and other parts of the world.
In 1954, the first Kimberlite pipe was discovered in Syberia. Even though spring temperatures were often -30 degrees, the kimberlite in this area produced the highest quality diamonds and 15% of global production. Debeers sought to buy claims and stockpiles of diamonds until 1991 when the relationship broke down due to the new goverment established after the fall of the Soviet Union.
The program then introduced Chuck Fipke, who in 1985, on money he borrowed from interested friends and investors, began in exploration in the kimberlite found in Saskatchewan Canada. His exploration began in this area in the late 70's taking him to that point. In 1991, as president of BHP, Chuck and his company produced 4% of the world's diamonds by weight and 5% of it's value. They stated geologists with his company are worth 1/2 billion dollars, and investors in his company became millionaires.
Now, many of the world's diamond mining companies are exploring and mining this area.
They showed drilling sites on land and in the lakes of that area which have produced the highest quality diamonds in the world, rivaling the Russian mine.
The program went on to show mines in other parts of the world and on diamond refining.
_____________________________________________
The geologist, the magnetic survey, the attorney.
A man who was a geologist for Debeers.
The survey using state of the art technology.
The attorney who is a partner in a law firm of global scope and at the top of his field of practice.
Share structure will be known in due course.
The major mining companies surround like players at a table.
With the magnetic survey, we are sitting in the middle of the table holding the ace of spades. The one with the biggest ante for it gets it, or we can use it to our own advantage in drilling. It's one or the other.
I'll say it one more time to close...
The value in the magnetic survey done by Goldak Airborne Surveys is the key to placing value on these claims owned by CMKX.
Be well, Bo
no Mach, thank you. You do have my permission
to print out my post to take with you if you desire, or to write them out as part of any questions you may ask them.
The questions I listed are ones they can answer to a shareholder and share. Mainly, they are simply filling in gaps and confirming points many shareholders address. Revealing such are not direct answers to future contracts or anything like that. You may only be able to gleen a hint to us as to what is to occur in that respect. But who knows, maybe more.
The Q's listed though are ones I would greatly appreciate their answer. I have 2 calls into Jerry Leslie, but at this time he hasn;t returned them. Any help you can provide will be appreciated. Thanks again. Bo