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Re: No Problems post# 8345

Wednesday, 08/18/2004 3:46:37 PM

Wednesday, August 18, 2004 3:46:37 PM

Post# of 45574
No Probs, it's best to analyize that way especially
in light of the data available from Shore Gold and Debeers/Kensington.

The data from the link you provided shows a realistic mining output of tons per day. Being conservative is how I view things, and still produces impressive numbers for our holdings in terms of valuation.

In looking at their website this afternoon, I see where mining operations at EKATI run 24 hrs/day, 365 days/yr. In it's short time mining, they produce 4% of the world's diamonds by weight and 6% of the world's value.

Your link was a wealth of information, and was a 1999 reference piece. I'd be curious to see how their production numbers today compare to their 1999 projections.

Our advantage lies in the large number of claims, and our recent arial and TDEM studies. And you are right in saying that a pipe which shows mining potential and actualyy progresses to that stage would be key for CMKX, not only to the value from diamond production, but the remaining claims would immediately be worth more.

Off and running again.

Be well, Bo






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