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Message: De Beers is not a laboratory service.......

De Beers is not a laboratory service.......

posted on Mar 27, 2008 07:33AM
...it is a private company with a focus on making money from diamonds. This is very different from the SRC, which has a responsibility to report the results of assays executed in accordance with a set of prior agreed parameters. So, I do not think that we will see results from a process that is a mirror image of those of the SRC. If they do issue these mirror image results, they may choose to append them with another set of results gained by using modified sorting parameters that may not be fully disclosed. Or, perhaps they would issue a note stating that more work needs to be done to develop more reliable assessment of the diamond content of Mud Lake.

I may be way off base here, but if I was De Beers, I would be doing the following:

1) Pass the kimberlite through the De Beers generic process and analyse the results. This is likely to be the least expensive way for them to liberate the diamonds and thus keep costs to the minimum.

2) If the results from 1 are less than satisfactory, I would then determine whether or not there were diamonds that were missed.

3) If there were diamonds, I would instruct the staff to find a way to release the diamonds and recommend the best way to do this in a commercial environment, with a rough idea of cost. Note: De Beers will likely already know how to do this, as the company has probably encountered similar kimberlites.

4) If item 3 suggests that a feasible method could be used, I would re-process the batch using these procedures. This may also mean changing the DMS parameters.

5) If none of the above yields positive results, I would want to work with Snowfield to establish a better understanding of the diamond population at Mud Lake. Then, assuming that all is well, work with Snowfield to organize a second bulk sample program and run it though the adapted processes, probably at De Beers only.

This may or may not be what happens in reality, but the point that I am trying to make is that, it is in De Beers interest to establish if Mud Lake could be a commercially viable business proposition for their company.

Mud Lake has the potential of being a low-cost mining operation and this is a huge attraction for De Beers. After all, their focus is likely to be on their bottom line, while developing a reliable pipe-line of diamond supply into the future.

As I previously mentioned, I may be way off base here...but who knows?

Good luck....peterjr

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