InvestorsHub Logo
Followers 37
Posts 19533
Boards Moderated 0
Alias Born 09/26/2003

Re: Ritchiekaz post# 1437

Tuesday, 11/02/2004 10:05:03 AM

Tuesday, November 02, 2004 10:05:03 AM

Post# of 10162
The property has an exposed kimberlite structure of some sort. (pipe, I think they said) That's the first step. Next, apparently a micro diamond has been found... so forget looking for indicators, this jumps that part and establishes that the pipe is diamondiferous.

The next phase is crucial though. We need to know if there are big stones and are they there in such quantities that make sense to establish a mine. To get this info we need a bulk sample. After that we'll probably need a couple more.

One thing that's going for us is the kimberlite is exposed... no huge overburden to dig through so some of the expense and guess work is cleared for us.

Long process... Cleared a few hurdles but there are a couple more. The most positive thing that we can say for now is that we're still in it.

That's what you bought; a chance. Be patient now.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.