posted
Not recent news but looks like same location reported by another company have diamonds also.
FOREST GATE FINDS 37 DIAMONDS IN DIZZY KIMBERLITE
April 01, 2004 Canada’s Forest Gate Resources has recovered 37 diamonds from a 485.52 kilogram sample taken from its 100 percent-owned Dizzy kimberlite in Fort a la Corne, Saskatchewan. Eight of the 37 diamonds have at least one side measuring more than 0.50 millimeters. The Dizzy kimberlite is situated 2 miles northeast of the De Beers-Kensington 140-141 kimberlite, and 3 miles north of Shore Gold's Star kimberlite.
Forest Gate is currently planning the next phase of exploration on its Dizzy kimberlite and on the rest of its 100 percent-owned, four-square-mile East Side diamond property.
posted
High probability of finding diamonds since they are digging in the same areas.... Hey Upside, as much as you like to bash this stock, I like to support it. And if I am wrong, so what, I only hold 3.5 millions of shares just enough to sacrifice.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
High probability of finding diamonds? Do you have any idea of how many kimberlite pipes have been drilled into in this area? Next, how many companies have had positive results? If you can answer those two basic questions, (and as a shareholder you should be able to) answer this, how many companies are now mining in the area and are showing a profit from their efforts?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
I think I can, but its late now and I got to go. Let me think while I am sleeping may be the Easter bunny will come along tomorrow and point me in a right direction to find some diamond eggs .....LOL
Upside, cheer out this stock is a gamble, it can go up as much as it can go down, like nortel, worldcom etc. etc. LOL hahahahahha
I love taking risk, enough risks to live with the loss.
Good Night :-))))
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
quote:Originally posted by Upside: I'm not trying to beat my own drum here but you guys are discussing the difficulty of drilling through ice. Read my post from earlier today and then do some research of your own! There is no ice on the lake and there hasn't been for at least three weeks! The temeperature reached 72 degrees fahrenheit today! After seeing this I talked to Green Lake Lodge about fishing and they said they have been booking trips and renting boats since May 8th when all of the ice was gone. Another thing, CMKX says they are just now sending out the core samples from hole # 1? Isn't this what everyone assumed happened six weeks ago? And while I'm on my soapbox, please listen to the interview with Melvin. The man is a buffoon who is probably being paid with a boatload of CMKX stock that he will be able to cash in while we will not. How many of you who are in business have a corporate representative who in the company of their customers uses curse words such as ass and shi!? Real professional guy there! Come on guys and girls, something is not right here!
I have to get in on your comment Upside I personally live in northern alberta at a lattiude that is north of the drill site . The ice (frost line) in the gound here is 6.5 to 7.5 feet deep and we drill pilings all year round no problem. Secondly the ice has been off of the rivers and lakes for weeks now it was an earlier spring than normal for northern Canada and there are no currents in lakes. We planted our garden last weekend so the ice problem is not valid. I hope we all make $$$ but there is a definite problem with this news realse
posted
Ok, I'll chill out. But just for your info, the answers are:
Over 70 kimberlites have been drilled, 70% of them have diamonds (though only a small % could conceivably be mined) and no company has successfully had a profitable mine operating there yet.
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****THE PLAN: "We plan on mining diamonds from our own deposits and buying conflict free diamonds at wholesale. We will merchandise these diamonds under the "Casavant" brand name. Both retailers and consumers can place their trust that a "Casavant" diamond is conflict free; mined in an ethical and environmentally friendly manner; and represent the highest in quality and value. We plan on becoming involved in the entire sales chain in diamond merchandising with the view of becoming the largest wholesaler of Canadian diamonds not just a mining company. This provides our shareholders with a more balanced investment opportunity and gives us income stream while we are developing our Saskatchewan diamondiferous kimberlite claims." – Chairman Urban Casavant for more information join below http://finance.groups.yahoo.com/group/cmkxtrememachine/ Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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finky4x2
unregistered
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quote:Originally posted by pharmdman: How long has it been 74 degrees, and how cold is the ground 900 feet below the surface? Just asking...
Once you clear the frost line which in most areas is 48 inches,the ground temp is in the 50 degree area(not sure of exact degree though).Found that out when I was looking to buy a Geo thermal heating unit for my house.
quote:Originally posted by STAR GAZER: In reply to how deep the ice can go. After you go down more than a few meters the temp of the ground doesn't change. If you go down a couple of thousand feet, the temperature starts a slow steady climb. As far as drilling through the ice, it's not the ice that is the difficulty, (fairly easy to drill through ice) The problem arises when you get through the ice. If there is a layer of water between the ice and the ground, and it there is water flow, especially if it is fast flowing water, then, I would think that you not only have problems arising from the running water, you have the possibility that debris in the water could ram your drill. Ouch & oof.
I think you hit the nail on the head, SG... this is a quote out of the PR...
"The Green Lake claims were targeted for core drilling prior to the kimberlite find, at the "Carolyn Pipe", but further examination of the drill location indicated swift currents below the surface of the ice which may have caused considerable damage to the drill equipment"
Admittedly, I don't know much about it, but it sounds legit to me..
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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quote:Originally posted by Upside: Ok, I'll chill out. But just for your info, the answers are:
Over 70 kimberlites have been drilled, 70% of them have diamonds (though only a small % could conceivably be mined) and no company has successfully had a profitable mine operating there yet.
I am back.
Upside fair enough. I stand by both sides, it is 50/50 chance that diamonds exists. But I don't think CMKX is scam, if he is then it will be very easy to catch him (picture on the web, funny car, the whole family involved, radio, web site etc. etc). He Melvin would have great difficulty to hide.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Upside-I think the PR about the ice was written for release at the time they found that the Carolyn Kimberlite pipe was a better candidate for drilling and decided not to drill the green lake but the PR was not released until May 27. As far as what do all the neighboring diamond finds have to do with CMKX- 70% have diamonds (from your own posting). For us to not have diamonds would be like diving into the ocean naked and staying dry. As far as no mining companies in these kimberlite fields turning a profit yet mining these new finds-that would be unusual? Why or how could they show a profit before bringing up the diamonds and selling them? CMKX estimated their cost for mining their finds at about $10.50 a ton. They think it will be very profitable. I think so too-I have 8 Million shares and will buy more when news of the amount and quality of diamonds and the O/S count is revealed. IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
What I got out of the comment about drilling in the Green Lake region was that they were originally going to drill there a while back (like months ago) but decided to drill in another location instead because of the reasons mentioned. I might be wrong but that's what I got out of it.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
FOR THOSE OF YOU WHO WILL TAKE PROFITS ON AN UPWARD MOVE ? There was talk several months ago about maintaining a limit order to sell so MM could not use the shares. I saw a referenece on previous page about this (mentioned a $1.00 whisch was the consensus then) I recommend several limit orders @ different values so you will catch some and leave some for a future time. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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quote:Originally posted by VNGNTN1: FOR THOSE OF YOU WHO WILL TAKE PROFITS ON AN UPWARD MOVE ? There was talk several months ago about maintaining a limit order to sell so MM could not use the shares. I saw a referenece on previous page about this (mentioned a $1.00 whisch was the consensus then) I recommend several limit orders @ different values so you will catch some and leave some for a future time. VAN
exactly.. i have them for .001, .01, .1, .5, and 1.00...
good advice though...
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
People with no trading fees should start buying small amounts at $0.0003 to get this thing going.
Posts: 24 | From: Huntingdon Valley, PA | Registered: Feb 2004
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quote:Upside-I think the PR about the ice was written for release at the time they found that the Carolyn Kimberlite pipe was a better candidate for drilling and decided not to drill the green lake but the PR was not released until May 27. As far as what do all the neighboring diamond finds have to do with CMKX- 70% have diamonds (from your own posting). For us to not have diamonds would be like diving into the ocean naked and staying dry. As far as no mining companies in these kimberlite fields turning a profit yet mining these new finds-that would be unusual? Why or how could they show a profit before bringing up the diamonds and selling them? CMKX estimated their cost for mining their finds at about $10.50 a ton. They think it will be very profitable. I think so too-I have 8 Million shares and will buy more when news of the amount and quality of diamonds and the O/S count is revealed. IMO-DD-GLTA-Debi
Debi, Couple of questions. Doesn't it bother you that if this really is an old p/r, nobody bothered to update it before they released it? Doesn't that say something about this company? Doesn't it bother you that the samples are just now being sent to the lab when they have been claiming for the last six weeks that they were already there? Does this mean another six weeks worth of wait is ahead of us? And yes while 70% of the pipes have diamonds virtually none of them can be economically mined. As to the profit question, diamonds were discovered there in the 1980's. Assuming the worst and it takes 6 years to set up a fully operational mine, that is at least a decade worth of mining to turn a profit yet no one has yet. Do you really think that CMKX will be the first?
posted
There is a great post on the ihub board. It is on the CMKX hot board and is #10546-this post has a link to another Ihub post with a long address. Worth reading -makes me want to buy more. I am convinced this will go- the question is when. -IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
There is a great post on the ihub board. It is on the CMKX hot board and is #10546-this post has a link to another Ihub post with a long address. Worth reading -makes me want to buy more. I am convinced this will go- the question is when. -IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Great link via post on Ihub board CMKX post #10546. Makes me want to buy more. Anyone have level 2 for pinks? According to another web site MM's are buying and accumulating- this can only be good. -IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
where do you find this info on L2's and how do you read it. New to this and learning thanx
Posts: 192 | From: tucson | Registered: May 2004
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quote:Originally posted by WWJD-thru-me: There is a great post on the ihub board. It is on the CMKX hot board and is #10546-this post has a link to another Ihub post with a long address. Worth reading -makes me want to buy more. I am convinced this will go- the question is when. -IMO-DD-GLTA-Debi
Posts: 722 | From: Atlanta | Registered: Feb 2004
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Sorry for the multiple posts. The floodgate filter kept popping up and indicating it wasn't posting. Upside as far as your questions go about the PR regarding the lake-it probably should bother me but it doesn't. I guess their PR guy isn't the brightest bulb. As far as results from the samples - it does kind of bother me that we didn't get the results given to us. But I think they have diamonds. I think additional samples were sent out. I think it will be big. Some of this is just my gut. I could be wrong-I am not worried about it in the least. I would have more regreat if I am right and I didn't follow my hunches. I forgot if you have any shares or not. I wouldn't want to miss this run for the price of a ticket at .0001. IMO-DD- GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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