Find Diamonds, Make Money

[echarter]

That is a false statement.

Of the 5,000 kimberlites found worldwide, there are at least 100 or more that contain or have contained economic diamonds.

Diamet minerals has found 64 potentially economic pipes on its properties alone. Debeers has found 3 in Ontario alone as well as 3 in NWT, Aber has found 5, Tahera has 3 or more, and Ashton may end up with 2 more. Add to that the Russian pipes that are tied up in legal wrangles in the Archangel field, some still under exploration in Russia, Pipes under exploration in Brazil, Canada, Australia, India and China, pipes that are producing outside South Africa in Africa, as well as former producers, and all the closed diamond mines - and the number of economic pipes to non economic pipes is most certainly greater by far than 23 to 5,000.

I have studied 3,000 scientific and Industry papers on the subject of diamond mining, kimberlites, exploration diamond extraction from host rock, and field and mineral statistics. What I came up with after 5 years was that the ratio of totally barren to diamondiferous pipes you might drill on straight magnetics was about 50 to one. This meant that at a sufficiently funded level you could reduce your uncertainty to zero of finding a diamond mine. This is fairly safe exploration and staggeringly high reward, given that not one producing diamond mine has ever gone bankrupt or failed to pay its development/exploration cost.

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