By: careful-investor88 09 Aug 2004, 02:39 PM EDT Msg. 431678 of 431678 Jump to msg. # + 13,100% increase in PPS based on 15 Kimberlites!!!
The above actually happened in the early 1990's over the course of 24 months. The stock was Dia Met Minerals Ltd., which had the honour of discovering what became Canada's first diamond mine, Ekati, in the Lac de Gras region some 300 km northeast of Yellowknife, Northwest Territories, Canada. Before the discovery, in June 1991 the stock was trading at $ 0.50; however, 24 months l ater the price was $66.00 per share - a 13,100% gain or a gain of 131 times. The $66.00 high was on news of bulk sampling results from four additional kimberlite diamond pipes discovered. The total number of kimberlites discovered had also increased from one to 15 at that time.
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