The Seven waves of the Perfect Storm - courtesy of Lalita Tripurasundari
In my opinion, a number of factors have combined to create the "Perfect Storm" many have spoken about. This storm comes in several waves and consists of the following:
1) A bounty of "natural resources" which Mother Nature has blessed upon the Providence of Saskatchewan such as radon and arsenic.
2) A Saskatchewan government that has been called the Eastern Europe of Western Canada and is aware of the economic and social benefits of under the table and behind closed door deals.
3) A continued enforcement of the International Trade Regulations against "conflict diamonds" a term created by DeBeers to keep up the illusion of scarcity.
4) New "innovation" that's allowed the use of technology unheard of just few short years ago, such as cars and compasses!!
5) A changing regulatory environment that will help us evade things by going offshore with the proceeds of all our illegal sales.
6) The "Laws" of artificial supply.
7) A "management team" with a long term plan that realizes that special special word fraud.
(start of excerpts) Dr. Hutchison:
There’s two principal other players in the area as well as Casavant. The other companies are a joint venture between De Beers-Kensington and Cameco, which is called the Fort ? la Corne joint venture. They hold 22,544 hectares, which is about 58,000 acres, as you say. And the other company is a company called Shore Gold, who owns slightly more than 28,000 hectares but remember size only matters in bed when you are going at it like rabid monkeys!
Now, the Casavant properties are "significantly larger than these and broadly surround them". They are also directed, or concentrated towards the northwest of the De Beers joint venture area. Now, historically the De Beers joint venture was basically staked and claimed on the basis of information known to them at the time, prospecting techniques which were available to them at the time, which are slightly outdated at the moment. So obviously, like any mining company, they've made a focus on a particular area of interest to them. But Casavant has come along at a time where the technology is a little bit more advanced and I've been very fortunate in being able to access land surrounding, as you say, the De Beers and also Shore Gold. They are planning to use this technology to delineate kimberlites surrounding the De Beers and the Shore Gold properties which have nothing to do with our company but we love dropping names!
Fort a La Corne is actually internationally known as being quite an exceptional area for kimberlites and for diamonds. It’s known because it’s got an unusually large number of exceptionally well-preserved kimberlites, and these are also proven to be diamond bearing. Now kimberlites throughout the world are typically fairly heavily eroded – eroded as a result of just simply their age and erosion by rivers and also by glaciation, et cetera, but the Fort ? la Corne kimberlites have been unusually well preserved and because they were in place in an area where there was a rapid accumulation of sediments, which helped preserve them, and then subsequently the result of about 100 meters or so – it varies, depending where you are – but about 100 meters of glacial overburden, which has helped to protect these as well. And, as I say, it sets up an internationally-known area for large kimberlites and kimberlites of significant size and because they’re diamondiferous, there’s a potential for very large quantities of diamonds on other companies claims!
When you look at a map of the De Beers claims and look at where the Casavant claims lie in association with them, you’re really talking a matter of – well the minimum is really about half a kilometer distance between a known kimberlite and De Beers area, compared to the boundary or the border with Casavant claims, so that’s really a very small distance but it is huge in the fact those areas have been drilled off previously with nothing being found!
Now, diamonds and diamond deposits and kimberlites in particular don’t fall quite into the realm of oil reservoirs where if you’ve got an oil reservoir claim, you can quite often be taking oil from other people’s properties because oil obviously is a liquid commodity and diamonds don’t behave in that fashion, but kimberlite pipes, although they have a surface manifestation or a near surface manifestation, they also have feeder pipes associated with them, which can occur a range of depth so with the existing known kimberlites in the De Beers area, there’s a very real possibility that there are feeder channels associated with them that are on the Casavant properties and this will take millions of dollars to find so wish Urban well when you see him at the Casino!
Now, the other point is that worldwide, in worldwide settings, kimberlites tend to be found at the surface of the earth, at the surface, kimberlites appear as linear-type trends, and also in subparallel linear trends across the region. Now, when you look at a map of the claims that De Beers and the associated surrounding Casavant properties, and also Shore Gold, there’s a very obvious linear trend to where De Beers have delineated kimberlites, and if you follow that line off the end of the De Beers properties, you get into Casavant properties, so there’s no good geological argument to suggest that there’s no good likelihood of kimberlites being found at the extension of those linear trends within Casavant properties, and also there’s no good geological argument to suggest that there’s not a good chance of finding subparallel and similar trends of occurrence of kimberlite in other areas of the Casavant property. So, it’s very much a possibility, a strong possibility, that the occurrence of kimberlites in De Beers claims and also Shore Gold claims nearby are suggestive of a strong likelihood that all the kimberlite is grabbed up by other companies and individuals!
Now, in the Fort a La Corne area, because you've got such exceptional preservation, you've actually got preserved the upper reaches of the volcanoes so the surface manifestation below the glacial overburden in Fort a La Corne is much, much wider. You've got almost a champagne glass-type cross section of the kimberlites in that area so you've got much more kimberlite, much more material to deal with in terms of extracting diamonds at the end of the day. And ultimately a larger mine so I congratulate the other players who actually have kimberlites!
People get very excited about kimberlites in general, but the fact is that worldwide, a fairly small percentage of kimberlites are actually diamondiferous or diamond bearing. Having such a high proportion of it for our field is particularly exciting, at least for the other participants and we hope to sell enough stock before this becomes obvious to our shareholders!
Of course, the next stage is that you want to find pipes which have sufficient quantities of stones or diamonds and an appropriate quality to be economic and that’s the next stage. Now, at the moment, De Beers and Shore Gold are getting themselves involved with a prospecting program where they are using large diameter drilling in order to look at not only the fact that they've got diamonds there, they knew that already, but in what sort of quantity and in what sort of quality, and It will give them an answer in terms of what the economic potential of the pipe is, but in our situation we tend to let our pipes lapse and our competitors pick them up who we then threaten with an orchestrated email campaign!
It’s very easy to put a dollar figure on a property which is in such an early stage of exploration as the De Beers claims at the moment, and also Shore Gold, and similarly with Casavant. Casavant, although we have a very good area in terms of kimberlite potential, we're a little short at this stage of actually putting a dollar figure on it. However, it’s true to say, certainly, that should a mine develop on the Fort ? la Corne area, it will be a large mine almost certainly, and a large mine, a world-scale mine, absolutely, is of the order of that kind of figure -- $40 to 80 billion that you're quoting. My prediction of these potential values are not far off the mark. There needs to be a good statistical backing to support these ultimately, but that’s the kind of information that comes from a good exploration program and that’s the kind of program that Casavant are going to be putting in place as we speak, pretty much, so I would say that those kind of figures aren't far off the mark, should an appropriate mine be forthcoming on the site, however, this most certainly won't occur on any of our sites because they have all been picked over!
Well, first we have to identify kimberlites on the property and there have been some other companies that will be working historically in the area and kimberlites are very much known from the area and absolutely it’s the case in the De Beers region, which Casavant claims are surrounding, and so this is the first stage which is worth only $1.00 CDN!
Now, I mentioned a little bit earlier that we are in the fortunate position of being at the forefront of some good technology and having access to the forefront of good technology in terms of aerial-based prospecting. Particularly, we are going to be putting forward a plan for doing some aerial surveys – both aerial surveys, which are called resistivity surveys, and the traditional survey, which is an aeromagnetic survey which we won't pay for unless ordered to by a court of competent jurisdiction!
Now the aeromagnetic survey is the type which has been used by De Beers and Shore Gold historically for finding their claims but this new sort of aerial technique, and the resistivity survey gives the opportunity of finding kimberlites, which are hard to find by traditional techniques. So we will be implementing that process and my understanding is that the contracts are being signed with a contractor to get into the air within a matter of a week or so and at the same time, we are ready on the basis of historical aeromagnetic data, we've already delineated a few targets on the ground, which are worth looking at in more detail. We’ve got a ground crew, which we have together, which are going to be moving into the field very shortly and will be looking at these targets. As the aerial data start coming on stream, we'll be able to refocus our ground-based surveys and so, for example, if something very exciting comes up on the airborne survey within the next couple of weeks, we can send someone into the ground to look at them immediately of course we've been saying this for years and years now!
And the third stage, which is going to be concurrent with the other two I've just mentioned, is a drilling program. Our drilling is basically the last thing that happens, once you've got a good detailed ground survey and have delineated something that looks like it’s probably a kimberlite. We already have some targets which are appropriate for our drilling at the moment, and we anticipate that, as I say, it to come forward from the aerial and also from the detailed ground surveys, we'll be delineating more targets which we can drill for those and of course when the drill flops and we don't hit anything we will be sure to bury the results or create some kind of rumor about a DeBeers take-over!
I would imagine that the airborne survey is probably going to commence within a week or so and slightly farther down the line for the drilling, and that kind of time scale also for the ground-based surveys unless we get attacked by killer sun spots so prevalent in this wild and untamed part of the globe!
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