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Message: Re: Kimberlite
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Jul 08, 2008 03:39PM

Jul 08, 2008 04:41PM

Hi fullofsteam,

Thank you for the post and the update.

I'll also call SNO later this week and report back.

Management has its strategy correct and SNO is on its way to making this more than a one horse play.

SNO has already proven that there are diamonds in the Mud lake kimberlite, but they have not yet found the areas where the population is at its highest (perhaps closer to the source of the kimberlite). This will take time and money and there is always a risk that they will continue to get disappointing results as they search. So, concentrating on finding the second kimberlite is a strategy that makes a lot of sense.

The mention of forthcoming news about kimberlite is interesting and perhaps they have indeed found the second deposit. If this is the case, it would do a whole lot for prospects of this play, even if it does not send the s/p much further upwards.

Unfortunately, we are now getting the disappointing results that would have been released much earlier had the company not jumped staight to the bulk sample stage. As it is, we have learned more about the Mud Lake kimberlite in the past few months than in the years since the kimberlite was first discovered.

There have been a lot of great posts recently and I have enjoyed reading them. Keep it up!

Good luck to all...peterjr

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