CMKM Diamonds Inc. (fka CMKX)

[Ignutz]

Fort a la Corne diamond valuation from 2001.

According to GoldenClaude who posts on the SH board ...

Just in case anyone might want to know if there have ever been any valuation projections done on the diamonds of the Fort Corn kimberlite fields, well, there have.

Just yesterday I spoke to a top mining analyst in Toronto who told me that the valuation modeling that was done by both Debeers and WWW International Diamond Consultants should hold true for all of the Fort Corn kimberlites. According to this expert, the diamonds of the KRT/DeBeers' JV should be of the same quality as those collected by Shore in the BIG DIG as all of these diamonds come from the same mantle material deep within the bowels of the earth directly below the Fort Corn kimberlite fields.


The $$/carat numbers given by the JV were derived from about 40 carats worth of samples taken from kimberlite bodies 122 and 144. The modeled valuation for these two kimberlite bodies was, on average, about $150 per carat. However, since this study was done, the price of diamonds has gone up substantially, so perhaps we are looking at a valuation model that is more likely in the $170 plus range. Below is the URL of the above mentioned valuation study from the Kensington Resources archive:

http://www.kensington-resources.com/s/NewsArchives.asp?ReportID=60083&_Type=News-Archives&_T...