posted
This is old information, but some may have forgotten just how important the Carolyn/Smeaton discovery was as well as a comparison to DeBeers' finds:
"That imbalance was ultimately corrected when Mr. Walker's diamond juniors subsequently revealed that the Carolyn core samples were just marginally diamondiferous. One 40.1-kilogram sample had produced two tiny microdiamonds that apparently weighed just 0.000005 carat, a fraction even smaller than CMKM's recent share price.
Meanwhile, 11 other Carolyn samples had failed to produce any diamonds. There was no indication of just how much those barren samples weighed, but if they were comparable with the one diamondiferous batch, the Smeaton partners would have recovered just two microdiamonds from over 400 kilograms of Carolyn kimberlite"
"De Beers and its partners recovered 1,159 diamonds from 595 kilograms of kimberlite, or nearly two stones per kilogram. That was nearly 40 times greater than the rate that the one diamondiferous Carolyn sample had produced diamonds, and it may have been nearly 500 times greater when the 11 barren batches are added in."
Mighty impressive, huh? There is so much old information out there showing how worthless CMKX is, that it is mind boggling.
By the way that 11 samples bit might explain those additional samples we heard nothing about as to content.
The next time anyone brings up DeBeers or Shore in comparison to CMKX, I suggest they consider the above.
IP: Logged |
posted
I have always asked if CMKX has such great mineral rights then why didn't Debeers take it when they could or the others in the area. The rights were left to expire and lonely pinksheet CMKX buys the rights for hardly nothing. But thats right its beside Debeers claims. Just because you live beside a mine doesn't make you have one, that would be too easy. And if they were that abundant, they wouldn't be worth anything, anyhow.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
Just a little more old history on the Carolyn/Smeaton pipe the faithful ignore:
Those details presented a far gloomier outlook for the pipe than had CMKM's brief proclamation that the lab results had confirmed Carolyn was diamondiferous, leaving a number of the company's more exuberant faithful to speculate loudly that the Canadian news had been faked. Based on earlier work on the Smeaton play, there should have been few surprises in any of the recent results form Smeaton.
In fact, it would have been quite a shock had CMKM's drill program failed to intersect kimberlite, as its drill holes were apparently positioned in an attempt to retest a kimberlite pipe that had first been hit in 1996, when a group led by Swannell Minerals Corp. scored a kimberlite hit by drilling a geophysical anomaly that was about 200 metres in diameter. As a result, what CMKM now calls its new Carolyn pipe is actually the old Smeaton kimberlite.
Swannell intersected kimberlite at a depth of 128 metres and ultimately cored over 90 metres of kimberlite in its RS-1 drill hole, so it was hardly a great surprise when CMKM's drill hit the top of the pipe at a depth of 125 metres and ultimately intersected about 130 metres of kimberlite. Three subsequent CMKM drill holes produced intersections that ranged from 63 metres to 75 metres thick.
Most of the kimberlites in Saskatchewan have proven to be diamondiferous, so it also seemed likely that there would be at least a mild smattering of microdiamonds in the pipe, whatever its name. Still, there was not much chance that the reincarnated Smeaton kimberlite would deliver a bounty of micros as Carolyn, based on the earlier test. Samples of Swannell's drill core had been sent for analysis, but no diamonds were recovered from a modest amount of kimberlite.
The Swannell group subsequently abandoned the Smeaton project and it was snapped up by United Carina and Pine Channel. Late in 2000, the new partners poked four holes into a series of anomalies that had been identified in close proximity to the old Smeaton pipe. A narrow zone of reworked kimberlite was encountered in one of the holes, but the remainder failed to produce any kimberlite hits and the Smeaton play began to gather dust once again.
In 2002, United Carina and Pine Channel managed to come up with a new partner on the play. Panterra Exploration Corp. decided the play had enough promotability to warrant a look, and it signed an option deal on the project. Panterra's promotion delivered a few opening salvos, but the company did not manage much in the way of exploration, and its option was subsequently abandoned. That left Mr. Walker's companies to hunt down a new partner for the struggling Smeaton project.
The arrival of Mr. Casavant and CMKM has made the old Smeaton play a hot topic with speculators once again, although the market reaction to United Carina and Pine Channel's side of the Smeaton story has been modest in comparison with CMKM's decidedly pink promotion, due to the presence of at least a minimal set of reporting standards on the TSX-V.
IP: Logged |
posted
Please note: "two tiny microdiamonds that apparently weighed just 0.000005 carat"
That suggests the true value of that claim. How much would that size carat (assuming it was one diamond instead of two) be worth in $$$$? Worth less than 1 share of CMKX!!!! And how many anomalies did they discover in their fly overs (which included others' claims but CMKX omitted telling you that)? Multiply it out to determine the true potential of CMKX's claims, even including others' claims. Then you will have a much fairer assessment of the potential the faithful keep talking about. If the other claims are worth about the same as the Carolyn claim and we give all the 100 anomalies to CMKX, that would make the potential worth less than 100 shs of CMKX.
IP: Logged |
posted
I don't have any idea of how much such a small carat (.000005) would be worth, but apparently it is much less than 1 sh of CMKX stock.
IP: Logged |
posted
We've talked about going to the Chicago races in June together but if he answers the door in that I'm heading back to Wisconsin like a bullet.
IP: Logged |
quote:Originally posted by Highwaychild: Hey, it says satisfaction guaranteed Shakeman.
No,I don't have one.Takes two days shipping.LOL!
I might still have Debi's home address somewhere around. Do you think her husband might like to surprise her with one? You know how gung ho she is about CMKX!
Guess if he wanted one, he'd already know about it.
IP: Logged |
posted
I guess that I get to see a race before revoked now that hearing pushed back to 10th. Got to check there tent out. 29th and 30th here in Bristol Thunder Valley.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
I don't have one, but I sure am going to spend a few 9.99's and send them to my favorite posters here. ......and yes, I will get a few for myself, and I would be more than happy to model them for you, UpMan. Wallace you better hope I don't suddenly have business in NJ, or so help me, I will show up at your door decked out in my brand new CMKX thong.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
posted
Just think what your neighbors will say, Shakeman. I can hear them now. LOL "I knew that guy was weird, look at the freak on his front porch with CMKX on his thongs. Wouldn't be bad but who the f... would wear thongs with CMKX on them, weirdo"!
Good night, I'm going go dream of myself styling down the street with my CMKX thongs on.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
quote:Originally posted by will: OH! One more question, Shakeman, what size package you got? I wouldn't want the thongs I purchase for you to cause you any discomfort.
Now you want size? Get the hell out of here! You're too sweet on me already!
IP: Logged |
quote:Originally posted by Highwaychild: And the Got CMKX funny car almost won the entire NHRA event today.Took second in the final round by .013 of a second.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
is always in a knot.
