Re: Bulk Sampling
in response to
by
posted on
May 10, 2012 10:14AM
Adding Diamonds to the "Ring" of Fire
Here's the quote. Sarcastic tone to say the least! GLTA.
"Christopher Meraw's Debut Diamonds Inc. (DDI: $0.055) is barking big but chewing little at its Attawapiskat diamond play. Debut is promoting from the same promotional playbook Frank Smeenk used for the past five years when his KWG Resources Inc. (KWG: $0.06) owned the play: tout big plans, vacillate until it is too late, then delay until next year. (KWG spun its diamond assets off to Debut last year.) Mr. Meraw says Debut is "presently examining the feasibility" of completing a mini-bulk test this year. It does not seem feasible at all, since such tests usually have to be completed before the spring thaw arrives in the swampy Attawapiskat region. It also does not appear financially feasible, since a mini-bulk test would cost a few million dollars and Debut is broke. Mr. Meraw says the geochemistry of Debut's pipes is analogous to De Beers's nearby Victor pipe and suggests they may have comparable grades. He could be right, since earlier tests dating back to the 1990s produced enough larger macrodiamonds to suggest at least a similarity with Victor. Another similarity: De Beers let a decade slip by between its first diamond recoveries from Victor and a larger, mini-bulk test. Unfortunately, there are no similarities between Debut and De Beers."