Replies to post #70440 on CMKM Diamonds Inc. (fka CMKX)

[TSXminer]

Which one would that be? If you're talking about 140/141 at FALC, that valuation came from CMKX's paid promo. Value of DeBeers FALC play is actually negative, other than the tax write-off, until[/] an economic deposit is proven.

[jon_e_og]

You're forgetting that Debeers has the best Kimberlite bodies in the Fort La Corne area...

but we are right next to Debeers and Shore Gold, and they just had a pretty impressive find... the diamonds are there but the question is - are they economically viable? Debeers might not think so, simply because their African mines are producing an adequate supply. Remember, Debeers does not want more diamonds on the market, they are a cartell and thus their controll of aggregate diamond supply is imperative to their price fixing activities...