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![]() CMKX ... VI ... The Saga Continues (Page 23)
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| Author | Topic: CMKX ... VI ... The Saga Continues |
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pharmdman Member |
quote: Very nice post... i hope you don't mind, but I'm copy/pasting to another thread. IP: Logged |
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highwaychild Member |
quote: Very good question.But I think that might actually might take time away from their bashing.Also would show how good they aren't. IP: Logged |
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RaiderJR Member |
I will hold this stock til it reaches 20 billion dollars. At .0003 yesturdays close and 800 billion shares it is still at less that 300 million dollars. Does anyone here think 109 anomolies could produce 20 billion in diamonds?
If this stock reported a great find in the morning, do you think Wallace could buy by .0005, before it bounces to .001. Maybe. But I work in the daytime. If you aren't in now you could lose half your profit or more when this hits.
Now, it is possible this is a scam. It is possible all the press releases are bogus. But that would be 100% fraud. 1. If no drilling into kimberlite = fraud 2. If no mineral rights = fraud. 3. If knowingly extending OS past possible return = fraud.
Why Wallace wants a company less than a year young to look like anything more than a shell is beyond me. IP: Logged |
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highwaychild Member |
Also would like to add most stocks that have been oppressed down to .0001 do a reverse split. What did CMKX do?Moved up 1000%... but back down to a gap up 300-400%.What's wrong with that? IP: Logged |
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will Member |
Now now, child, I have told you about a few I liked, and I think they worked for you ??? Right now I'm liking QANT and watching QTFI. Trying to but a lot of pigslop, CDVY @ .0005, IVOC @ .0009, maybe a little lower, ADVC @ .0009. They all suck, but if you're patient and can grab them at the lows I think you can make $. quote: IP: Logged |
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RaiderJR Member |
Were any of you part of the old cmkx board where an investor called the lab to see if they had finished the samples. The lab refused to comment except they did verify they had samples.
You need to get a life other than investigating stocks because no group of companies does what you accuse CMKX of. By the way, UCAD has confirmed puplicly they are working with CMKX, and last I looked they are on Canadian govt maps. Get a life people. IP: Logged |
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will Member |
Hey Van, how you doing? Good to see you. I think I got your post, sometimes I am just negative and bash, and other times I have serious concerns that are being interpreted by some as negative. No big deal either way. There are open questions, and I also think people assign positive spin to things that could or could not be positive. All's well, looking for a real move in the PPS. IP: Logged |
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glassman Member |
quote: i post them all the time..... IP: Logged |
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glassman Member |
remember Raider, if they find 20 Billion in diamonds in the ground, they still won't go to .025 and hold for everybody to sell.....it might bounce there or even higher for a little while....but it's not likely to be long enough for the float to turn over i wish it worked that way, but it doesn't.... part of the pumper game is to convince others that the value will eventually be much greater than is reasonable, that way when the price does top out, it's easier to sell before everybody else realises it happened...that's why i almost never post buy/sell prices.... look at MDSEF--they have PROVEN gold in the ground worth well over 10 times the market cap..... [This message has been edited by glassman (edited September 15, 2004).] IP: Logged |
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RaiderJR Member |
Exacly right, I think if we can sell at a penny that will be good. That is very likely. Maybe more. But I purposely used the extreme 800 billion, I think that is stretching it. If everything goes right this company will be worth much more than 20 billion. Double or triple that. I still think it is a great investment and will wait it out. Well worth it. IP: Logged |
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Wallace#1 Member |
Van wrote: OTHERS who post infrequently1-2) What?!?!? Are you looking at this CMKX thread? LOL IP: Logged |
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Wallace#1 Member |
Raider wrote: I still think it is a great investment and will wait it out. Well worth it. Your odds are probably a lot better in a Las Vegas casino, and, that is no "investment" either! IP: Logged |
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bill1352 Member |
there is a lot about this stock that could be better but these bashers and a certain few that go way over board secman for 1 really need a new hobby. lets have a poll, how many ppl in here have over 2 grand tied up in this stock??? i have about 1 grand a bit less in it & i got in late. mine are at .0004 about the same amount i bet on football every yr. now if i hit 1/2 my bets i'll get a return of about 3 grand as i only bet a parley card. if the grand i bet on cmkx hits i think my return will be a bit more then that. so what are these bashers really trying to accomplish. the next thing ya know they'll be trying to tell me that the Pats -2 against the Cards is a bad bet IP: Logged |
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highwaychild Member |
quote: I've been out. IP: Logged |
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Wallace#1 Member |
How many of you remember this: Casavant Mining Kimberlite International Announcement And this: And this: And this: And this:
And this: And this: The above things are just starters as to verifiable information. Now, tell me why anyone in their right mind would put money into CMKX stock. IP: Logged |
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highwaychild Member |
quote: Because what you're laying down is old news.I put $ into it to make money off diamonds,not games.DIAMONDS. from another CMKX investor... based on the FACT that we have a TDEM ariel survey with hundreds of anomolies.. based on the FACT that we have financing from several sources (private financing and partnerships) to drill these targets based on the FACT that we have a well respected lawyer overseeing this process.. based on the FACT that we have 1.4+ million acres of claims in an area where Debeers is serious about diamond mining and where other companies are finding diamonds as we speak.. based on the FACT that well respected geologists have agreed on the potential of the Sask area for yielding economically feasible diamond mines.. based on the FACT that Debeers has a valuation on one claim that is between 40-80 billion dollars.. based on these FACTS..it is easy for me to eliminate most of the noise and imagine that just ONE cmkx claim could be conservatively valued at the low end of this range.. now take a 40 billion dollar valuation with an O.S. of between 200 and 800 billion shares (even with no NS problem)..and (even without considering any dividend questions..lol) and do the math.. this is perhaps one way to explain why some of us are smiling even when there seems to be so much confusion all around us.. but I have to admit I have to remind myself every now and then..because it is easy to get caught up in all of the emotion.. now this is not to say that I believe we will only have just one mineable target..or that we have an 800 billion O.S..or that there is not a N.S. problem..or that the dividends aren't important.. [This message has been edited by highwaychild (edited September 15, 2004).] IP: Logged |
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highwaychild Member |
You have anything from ,oh,say,1982 on CMKX you'd like to share with the masses Wally? How far back you going to assail this? You need help,get a life man. IP: Logged |
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VNGNTN1 Member |
quote: I KNOW Just helping new people understand what they are reading, no particular opinion weather pos/neg opinions right or wrong.I remember a time when the board was generally positive even with negative views expressed and everyone hammered out all that was said and came to a consensus. VAN [This message has been edited by VNGNTN1 (edited September 15, 2004).] IP: Logged |
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glassman Member |
quote: hi-way....what are we gonna do with you???? IP: Logged |
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RaiderJR Member |
What happens when a company overstates resources
quote: IP: Logged |
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trgfunds Member |
http://frogurt3.dyndns.org:8080/aero/hater.html for all the haters [This message has been edited by trgfunds (edited September 15, 2004).] IP: Logged |
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WorkAHolic Member |
Looks like hurricane IVAN has all the rats running for shelter. Me thinkest the basheres art getting a bit nervous. What's with all the negative vibes. Was there a disaterous PR that I missed? I thinkest not. Alas poor Wally, I knew him well (NOT). Et tu Basher...be gone with thyself. The beast hath consumed thee. Thou days are numbered. Repent....Good night... IP: Logged |
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Upside Member |
Work, Hast thou attended a Renaissance Faire in thy near past? IP: Logged |
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Wallace#1 Member |
Here's more, highwaychild. Some or most of it from recent 10QSBs as they refer to both companies or to UCAD alone. In 2003, the company moved from the OTC BB to the pink sheets and changed its symbol to CMKM. During 2003 Casavant Mining Kimberlite International acquired a company that was in the process of mining zinc. However, in order to maintain their focus on diamond exploration Casavant Mining Kimberlite International decided to "spinoff" the zinc division as a separate company. Casavant International Mining was formed and each shareholder of Casavant Mining Kimberlite International was issued a share of the new company for each share of Casavant Mining Kimberlite International that they owned. Originally, the spinoff company was going to merge with Mirador, Inc., a publicly traded company, to make the newly issued shares tradeable. However, plans for the merger have been put on hold indefinitely.
Q: Thought they spun this company off to “focus on diamond exploration”? Instead, now they are pouring money into it? Casavant has been assembling the world's diamond experts to assist in developing Q: Exactly how many of said “experts” ? Assuming he is still with them, isn’t it just ONE? Wasn’t that Mark Hutchinson? " In addition the company will merchandise purchased diamonds under the "Casavant" brand name. Q: How many have been purchased and how many have been sold? ... Casavant Mining Kimberlite International Hires Charles Bronson For Financial Public Relations. ... Q: Remember that one? Suppose Melvin was responsible for proofing that release? Re: UCAD's Value and other Questions The Company's accountant has included the following statement in its notes to this filing: NOTE: The above is from UCAD’s 10QSB (dated 3/31/04, filed May,04). The above is what is called a “qualified” accountant’s statement. Q: How viable do you think this company is and how valuable do you think it’s stock as a CMKX dividend really is? On February 26, 2004, the Company entered into a joint venture agreement with CMKM Diamonds, Inc., a Nevada corporation, to conduct a airborne survey of the fort a la Corne Kimberlite fields, including the 500,000 acres held by NevCan Q: If I remember correctly, didn’t CMKX conveniently forget to mention this when they released similar information? Do all those 100s of anomalies identified include those on UCAD’s claims as well? It appears that the company identified as “NevCan” may in fact be Nevada Minerals. From UCAD’s most recent 10QSB (filed Aug,04): In August 2001, the Company's Board of Directors adopted a resolution whereby it approved a 10-to-1 stock split of the issued and outstanding shares of common stock. In December 2001, the Company's Board of Directors adopted a resolution whereby it approved a 1-for-10 reverse stock split. In December 2003, the Company's Board of Directors adopted a resolution whereby it approved a 1-for-100 reverse stock split. In January 2004, the Company's Board of Directors approved a 125-to-1 reverse stock split of its common stock. GOING CONCERN - The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage, has no operating revenue and has incurred cumulative net losses of approximately $17,700,000 since inception. Q: What do the above two statements tell you about UCAD’s real value? 3. FIXED ASSETS Equipment $ 13,023 $ 13,023 Q: Just how much mining can be expected from UCAD with equipment worth $3,144 on their balance sheet? That's about what an old car is worth. Q: How does that effect the value of the dividend CMKX shareholders will receive? Re: JUINA Mining YELLOW RIVER GOLD MINE ACQUISITION On March 22, 2004, the Company, by and through Juina Mining Corporation, acquired an 80% interest in the Yellow River Mining, S.A., an Ecuador corporation, in exchange for 5,000,000 shares of the Company's restricted common stock. Yellow River Mining, S.A. holds legal rights and claims to gold mining operations in "Provincia Del Oro" [Province of Gold] in southwest Ecuador. The area is well known for gold mining operations that have been carried on there since the 1600s. However, the present mining operations are rudimentary and much of the mining work is done by hand. Very little modern mining equipment is available or used. No aerial surveys, mini bulk sampling or full bulk sampling have occurred on the property. An independent expert geologist has not proved up the area as a reserve or a resource. No equipment exists on site or otherwise owned or controlled by the Company, that would allow full scale development of the mine should it satisfy all conditions precedent to it being determined to be a resourc e. Thus, in order for the Company to develop this asset, financing will have to be acquired in order to satisfy the conditions precedent for full-scale mining to occur, and there are no guarantees that the Company will obtain such financing. 10. IMPAIRMENT OF INTANGIBLE ASSET 10. IMPAIRMENT OF INTANGIBLE ASSET (CONTINUED) Q: What the heck does the above mean? First the property has value and then it does not? Yet they still issue shares for said intellectual property (whatever that is)? The Company also received a stock subscription agreement from a related party to CMKM Diamonds to purchase 600,000 shares of the Company's common stock at a price of $5 per share. The $3,000,000 has been received by the Company and immediately used to exercise the options on the first 2% of the current and future claims of CMKM Diamonds, Inc. under the July 18, 2004 agreement, noted above. CMKM Diamonds, Inc. Q: From one hand to the other and back again? Fort a La Corne Q: Does this now mean that CMKX has a controlling interest in claims formerly owned by Nevada Minerals? Want more FACTS? [This message has been edited by Wallace#1 (edited September 16, 2004).] IP: Logged |
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COACHPHILM63 Member |
secman: The next time you copy one of my post from another board copy the entire link... Coach IP: Logged |
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Wallace#1 Member |
Glassman wrote: hi-way....what are we gonna do with you???? IP: Logged |
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noahltl New Member |
Looks like Secman / Rchaud98 is the one in trouble. CoachPhil sounds like he might twist his head off and shove it up his ........ Oh I can't say that. IP: Logged |
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Wallace#1 Member |
Looks to me like you are getting personal again. noahltl [This message has been edited by Wallace#1 (edited September 16, 2004).] IP: Logged |
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noahltl New Member |
quote:
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noahltl New Member |
My bet is this is the one Coach is upset about. Too well written for Rchaud98 / secman:
these are just a few of the recent promises. I tried to stick to the PR ones because the ones from IR Melvin, are numerous. to say the least. IBC radio, Pal-Talk etc. I feel we as stockholders are being drug along for a ride without any accountability from our company. I know everyone says just wait, but look at this outside the box and as an investor. All the other stocks we own, we would not be this patient. If Ford, Msft, GE or any other company made these statements we would be up in arms. Yes I also know they are reporting companies, but isn't that what we are trying to do. Become reporting. Expect higher standards from companies that are reporting. If we are to assume a trillion $ valuation should'nt our Board of directors act as such. Just food for thought gang, nothing bad meant by this thread just trying to get feed back.
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COACHPHILM63 Member |
quote: You are correct, and thank you. When ever anyone wants to repost from another board, is fine by me as long as they copy the entire thread, instead of cut and paste. I am usually behind the scenes here on this board, but Noah knows Iam pretty vocal on the other board. Ricpic and some others, we talked about cmkx in length about a year ago, when Ric was really active on this stock. Keep up the DD and good luck to all. To much personal attacks going on in here for me to get real active. Some of you need to take some Meds. IP: Logged |
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tradingpennys Member |
Upside Member posted September 15, 2004 01:02 -------------------------------------------------------------------------------- Fact: CMKX's land claims do not appear on any Government published claim map. The only place you will see their name is on the maps printed and published by CMKX for their own promotional purposes. IP: Logged |
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highwaychild Member |
quote: In some cases,people hire lawers to collect more money than they would get without one. Also would be helpful if you wanted to move up an exchange or two.Don't you think?D.Glenn man has alot of experience with S.E.C. related cases. IP: Logged |
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dwman Member |
Glassman If R Glenn did not have the background he has in securities, I would totally agree with your comment about why most people hire lawyers. However, this particular lawyer has extensive experience in things like mergers, and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact. ![]() IP: Logged |
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dwman Member |
quote: Notice how secman always suggests that you might be gay if you disagree with him? Hmmmm, I wonder. Based on the level of frantic bashing, cmkx must be getting ready to fly. IP: Logged |
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dwman Member |
quote: IP: Logged |
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dwman Member |
quote: Trading IP: Logged |
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VNGNTN1 Member |
DW The filings @ registars office are current to about 3 days. Drilling permits have been granted, in whose name ? Maybe this is something we could reactivate and get this small answer? - - - - JUST eMAILED MELVIN Would it be possible to scan & post the claim & permit to website where current drilling is being done ? VAN [This message has been edited by VNGNTN1 (edited September 16, 2004).] IP: Logged |
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dwman Member |
Thanks Van. I was just talking about maps being updated. Good idea to have frequent updates posted. IP: Logged |
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Wallace#1 Member |
dwman wrote: "...and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact." dwman, there is only ONE "big board"! No more. NYSE (aka "the" Big Board). Further, it will be a cold day in hell when CMKX gets listed on the Amex. As I have said before, EARNINGS! They will be lucky to get back on the OTC-BB, but won't be able to do that if they aren't reporting any longer. Look at all those companies with an "E" after their symbol and see how long it takes them to get back to a filing mode. No way it is three months or more, right? PS: Should have added highwaychild here too, with the post about "moving up an exchange or two". [This message has been edited by Wallace#1 (edited September 16, 2004).] IP: Logged |
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dwman Member |
Wallace I used "big board" advisedly in the sense that, to me, AMEX is "big" compared to pink sheets activity. Don't nit pick. IP: Logged |
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dwman Member |
quote: Wallace... go back and read my post. I DID NOT say that Glenn was working to get us listed. I said he had vast experience in working in such matters with other companies and it could be comforting to some to realize that he is on our team. IP: Logged |
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Upside Member |
Did JBCak/Byrd/Blueyed get booted again? Haven't seen him here or his other usual haunts in a while. IP: Logged |
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dwman Member |
Wallace and all bashers.... Perhaps a reassessment is in order. This is from another board. Batches 26, 27, 28, 29, 30, 31, 32 and 12A (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. A total of 13,991 dry tonnes has been processed through the on-site DMS plant. Results from these batches are pending. All batches processed to date are classified as crater facies volcaniclastic kimberlites. Kimberlite processed and diamond results for five sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).
The four largest stones are: 14.60 (Batch 25, White), 10.14 (Batch 25, "The TSX Venture Exchange has not reviewed and does not accept
For further information Kenneth E. MacNeill, President & C.E.O. IP: Logged |
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Wallace#1 Member |
dwman wrote: "...and it could be comforting to some to realize that he is on our team." Good luck to being comfortable. "Our team"? PS: And Shore Gold is not CMKX. Nor are they mining the same claim. I suggested that Shore Gold was a good buy some time back. Got to go now. Talk to you later. [This message has been edited by Wallace#1 (edited September 16, 2004).] IP: Logged |
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dwman Member |
Oh gosh!!! Shore Gold is not cmkx? Darn. I'm gonna sell all my cmkx. I just KNEW they were one and the same...and I bet Shore Gold is working a claim that is a thousand miles from ours...and I bet R. Glenn didn't buy one share of cmkx. Thanks for looking out for me Wallace. You are better than Bill O'Reilly. ![]() IP: Logged |
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gmac78 Member |
I listened to the interview of UCAD CEO Rendal Williams by Green Baron TWICE in order to make sure I heard everything Mr. Williams said concerning UCAD's ongoing projects. I'm just paraphrasing a few things that interested me. In talking about CMKX he states UCAD has several projects (note the "s") planned with CMKX apparently in the future, but are EXTREMELY excited about the area they are presently drilling. He went to Canada and met Urban, because Urban had the permits, mineral rights, and equipment to commence the drilling and a "combined" effort would help all the partners (talking about the other three co's. also). He stated that UCAD has SECURED the financing for their projects and in addition assisted some "other" (didn't name them)companies with their financing in the same "financing bundle". He said that UCAD is exercising their option for the additional 10% mineral rights purchase with CMKX. This is just a little of the information revealed during the interview with Williams and there is a lot more. He did say that his stockholders would be very happy with UCAD's 3Q filing. I don't have anymore worries about my investment in CMKX, but it sounds like it's going to take some time for everything to develop with the mining. I do think that questions about A/S, O/S, valuation, etc. will come pretty soon. I would suggest that anyone interested should listen to the interview and just sit back, smile, and forget about these "nay sayers" and let things develop. If anyone thinks that these FIVE companies are not serious about their business then no amount of information is going to convince them otherwise. I'm happy, contented, and going back to "Lurk". I tried to be as accurate as possible, but this is my own paraphrasing of some of Mr. Williams information. There is a lot of interesting information about the other projects UCAD is involved with in this interview. The link to the interview is on the CMKX board. The "bashers" can go find something else to "flail" away at!!!!! LOL GLTA ------------------ IP: Logged |
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Wallace#1 Member |
gmac, when speaking of the Green Baron, you might as well include Dr.D, Zen and Sterling as well as a few of the easily identified posters on this CMKX thread. All the same bent and venues. GLTA IP: Logged |
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legal1082 Member |
Hey guys, just a post I saw on another board!!
It doesn't matter if you are sampling for fisheries statistics, or variations in diameter for ball bearings in a manufacturing process stream, or searching for diamonds among millions of acres. Regardless, the science and methods of statistical derivation must be applied to the degree that it is practical, possible, and economically feasible. "The problem involved with diamond grade estimation is due to the typically small number of (usually small) particles per unit volume (or mass). It is basically a SAMPLING PROBLEM WHERE THE LARGER THE SAMPLE, THE BETTER IS THE GRADE ESTIMATE- BUT THE HIGHER THE COST. A balance must be struck between the cost of the sample collection and processing, and the accuracy of the resulting estimate." "The preferred size of the sample can be estimated by statistics. A sample size that returns about thirty diamonds (or "stones") will give a "statistically significant" result (THIS IS TRUE OF SAMPLING FISH IN A LAKE, THE HEIGHT OR WEIGHT OF GIRLS AND BOYS OF A GIVEN AGE IN A PARTICULAR SCHOOL DISTRICT, OR WHATEVER) but this may be impractical at the early stages of an evaluation program. In a preliminary sampling program, where there is no past data on the grade of the deposit, a useful starting point could be to use the world average for commercial diamond mining operations as follows: 1) average grade of 50 carats per hundred tonnes (cpht), 2) average diamond size of 0.1 carats per stone (ct/st) and 3) average diamond value of 50 US$/ct. "on average, in the above example, 5 diamonds should be recovered from each tonne of processed source rock. To recover 30 diamonds we would therefore have to process 6 tonnes of source rock." We are not there yet with the Smeaton Kimberlite Formation, so far as we know. However, Kensington and/or Shore Gold has sunk some shafts already in the Fort a la Corne area, in order to gain access to several tonnes of source rock, in order to gain a greater statistical sampling base. They would not have done so had their initial drilling results pointed the way to spending that amount of exploration money to further the data base of sampling results. Remember that most of the exploration money for diamonds in the world is going into Canadian exploration. And for good reason. "Typically, a deposit with a high stone density will be easier to evaluate than a deposit with a low stone density because the sample size required to recover a significant number of stones will be smaller. At the very high grade Argyle Mine in Western Australia, where the mean stone size is small (» 0.08 ct/st),and the stone density is high (» 60 st/t), samples of only one tonne were more than adequate to obtain an initial grade estimate." "The number of diamonds recovered from a sample will also depend upon the smallest size of particle recovered. In pipe evaluation, the macrodiamond is usually considered to be of a commercial size, ie. greater than about 0.5 mm, and below this size the diamonds are considered microdiamonds and are not usually recovered during commercial mining operations, except in the Sakha (Yakutia - Russian Federation) diamond mining operations." "However many exploration companies use different definitions of what is a macrodiamond or microdiamond and care should be exercised in using this term; unless it is clearly defined. Australian and North American exploration companies usually use the term microdiamonds for diamonds less than 0.4 or 0.5 mm in size AND USUALLY RECOVERED DURING EARLY STAGES OF AN EXPLORATION PROGRAM". TAKE CAREFUL NOTICE, FOLKS: WE ONLY HAVE THE RESULTS OF A FEW KILOGRAMS FROM A FEW SMALL DIAMETER DRILL CORES. THERE IS NO WAY A HIGHLY ACCURATE STATISTICALLY SIGNIFICANT EVALUATION CAN BE DERIVED FROM SUCH A SMALL SAMPLE. ONLY UNTIL WE HAVE PROCESSED AT LEAST 6 TONNES OR SO CAN WE EXPECT A BETTER SAMPLE BASIS FOR STATISTICAL EVALUATION. Further consider this: If my estimate of a Fort a la Corne Kimberlite formation consisting of about 450 acres and 390 million tonnes is even close, and considering the geological fact that kimberlites occur in clusters, then which of the two following scenarios would you like to find yourself in, if you were a mining company: 1) 54,000 acres of mineral rights.... versus 2) 1.4 million acres of mineral rights. Even if only 10% of the 1.4 million acres has economically attractive, relatively "accessible" diamondiferous kimberlite near the surface (about 400 feet below the surface or so), then we are talking about 140,000 acres of kimberlite. If I am even close in my estimates of the tons of kimberlites that kind of territory represents, then we are talking huge amounts of diamonds, potentially. Not to mention the gold, platinum, palladium, rhodium, and other valuable minerals that are often associated and occur along beside diamondiferous mineral formations. Locked and Loaded and Ready to Rock. Tally Ho! Wellmetfellow IP: Logged |
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Money_Penny Member |
To "assume" that 10% of our claims are pure kimberlite is ridiculous! IP: Logged |
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