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Re: ernstge post# 24745

Thursday, 03/11/2004 6:19:14 PM

Thursday, March 11, 2004 6:19:14 PM

Post# of 32426
A great many diamonds.

$50 billion is a lot of diamonds

Especially given that prices ain't what they once were. For years the big companies have been afraid the Russians would dump tons and tons into the market and depress prices even further.

De Beers is trying to keep production at limits calculated to sustain decent profits. Something tells me that if they had reason to believe CMKX's property would yield a lotta stuff, they'd have bought it themselves. A long time ago.

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