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
AI
