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Post# of 358427
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Re: None

Friday, 07/23/2004 2:32:09 PM

Friday, July 23, 2004 2:32:09 PM

Post# of 358427
$40-$80B "Debeers"..WRONG..

For months i've seen posts that say the valuation was only for Debeers...not true.

So being i feel like posters have always shorted the potential of CMKX in relations to the valuation audio,i've decided to bring this up again for anyone elses thoughts on the audio.


being the $40-$80 billion evaluation question is about 20 mins into this,and just in case some one here can't rewind,i've dictated that part of the interview....one hint,the Geologist during this part dosen't mention CMKM/CMKX per say...he says Casavant

glta,
chris
http://www.tradersnation.com/cmkm.shtml


DICTATION...INTERVIEWER: ON ONE OF THE INTERNET SITES,I READ THAT THE VALUATION FOR THE DEBEERS/KINGSTINGTON PROPERTY COULD BE SOMEWHERE ON THE ORDER OF $40-$80 BILLION DOLLARS/U.S. DOLLARS AND THAT'S JUST FROM THAT 58,000 ACRE THAT THEY HAVE THERE.IS THIS TRUE,HAVE YOU HEARD ANYTHING ABOUT THIS?

GEOLOGISTS: YEAH WELL,THAT MUCH COULD BE TRUE.IT'S VERY HARD TO PUT A DOLLAR FIGURE A PROPERTY WHICH IS IN SUCH EARLY STAGE OF EXPLORATION IN REGARD TO THE DEBEERS CALIMS AND ALSO SHORE GOLD.AND SIMILAR WITH CASAVANT.WITH CASAVANT WE HAVE A VERY GOOD AREA IN TERMS OF KIMBERLITE POTENTIAL AND WERE A LITTLE SHY OF THE STAGE OF PUTTING A DOLLAR FIGURE ON IT.HOW EVER,IT'S TRUE TO SAY THAT SHOULD A MINE DEVELOP ON THE FORT LACORNE AREA,IT WOULD BE A LARGE MINE ALMOST CERTAINLY,AND A LARGE MINE IS ABSOLUTELY ON THE SCALE OF THAT KIND OF FIGURE $40-$80 BILLION THAT YOU ARE QUOTINGSO MY PREDICTIONS ARE THESE POTENTIAL NUMBERS ARE NOT FAR OFF THE MARK.THERE NEEDS TO BE A GOOD STATISTICAL BACKING TO SUPPORT THESE,THAT'S THE KIND OF INFORMATION THAT COMES FROM A GOOD EXPLORATION PROGRAM,THAT'S THE KIND OF PROGRAM CASAVANT ARE GOING TO BE PUTTIN PLACE AND AS WE SPEAK PRETTY MUCH,SO IT'S VERY MUCH I WOULD SAY THOSE KIND OF FIGURES AREN'T FAR OFF THE MARK ON THE APPROPRIATE MINE FOURTHCOMING ON THE SITE.

END OF THAT STATEMENT,MOVED TO NEXT QUESTION.

* basically,the Geologist is saying that a LARGE mine by either company could very well bring a life time evaluation of $40-$80.
he's saying this by using Argoyle as an example.and says Fort Lacorne could very well produce a larger mine than Argoyle...which is currently the worlds largest



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