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Editorials
We're Early This Month: Rosanne & I will be on a business
trip, culminating in my speaking engagement at Wealth Expo 2000
in Atlanta April 6th, 7th, & 8th. I therefore am posting this issue
much earlier than usual.
Atlanta Braves Pitcher Tom Glavine: Tom will be the keynote
speaker at Wealth Expo 2000. He is tentatively scheduled to speak
10-12 on Thursday April 6th. I will be speaking 9-11 on Friday April
7th. I'd enjoy meeting you there. There's still time to arrange
to come. I'm sure you'd find it enlightening, enjoyable, & very
profitable. Call Marv Miller at 770-425-3581 or fax her at 770-423-0461.
DCH Technology Up 1,474%: I covered DCH Technology, Inc.
(OTC BB/DCHT) in the June 1999 issue at 7/8. On 3/10/2000 it was
13-11/16, a gain of 1,474%.
Genetronics Biomedical Up 291%: I covered Genetronics Biomedical
Ltd. (AMEX/GEB) in the November 1999 issue at 3. As of the close
3/3/2000, it was 11-15/16, a gain of 291%.
Lions Gate Up 135%: I covered Lions Gate Entertainment Corp.
(AMEX/LGF) in the November 1998 issue at 1-19/32. At the close 3/7/2000,
it was 3-3/4, a gain of 135%.
Medix Up 3,842%: I covered Medix Resources, Inc. (OTC BB/MDIX)
in the February 1999 issue at 7/32. On 3/3/2000 it was 8-5/8, a
gain of 3,842%.
NYFIX Up 1,147%: I covered NYFIX (AMEX/NYF) in the March
1999 issue (its name then was Trinitech Systems Inc.) when it was
trading at 5 (reflecting the 3-for-2 split 11/15/99). As of the
close 3/3/2000, it was 62-3/8, a gain of 1,147%.
Ocean Power Up 200%: I covered Ocean Power Corporation (OTC
BB/PWREE) in the February 2000 issue when it was trading at 4-1/4.
At the close 3/1/2000, it was 12-3/4, a gain of 200%.
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of it. Give an e-mail address to others in your family.
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is that it contains original content, fresh ideas, & opinion, whereas
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are fine only if you already know the symbol of a company. Incidentally,
you can get all of that, including prices, news releases, etc. at
our Financial Navigator. I give you new special situations I feel
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Mountain Province
Mining Inc.
De Beers reported 12/14/99 that the 5034 had an average grade
of 1.64 carats of diamonds per tonne (a "tonne" is a metric ton).
De Beers put a value of US$63 per carat on those diamonds. They
also indicated that the resource zone (down to 300 meters or about
985 feet from the surface) had 12.0 million tonnes.
If you multiply 12.0 million tonnes by 1.64 carats at $63/carat,
you get a value of a bit over $1.23 billion -- an impressive number.
And that's only one of the first four tested.
While the resource zone is normally limited to the 300 meter depth,
tests have shown that even at 400 meters, you still encounter the
rocks that contain diamonds, so the $1.23 billion is conservative.
De Beers has also done testing on three other pipes. The smallest,
called the Tesla, has an estimated resource zone of 4 million tonnes.
Another, the Hearne, has 6.86 million tonnes, & the third, the Tuzo,
which was tested to the greater depth of 360 meters, has 15 million
tonnes to that depth.
On 1/31/2000, Monopros reported its modeled revenue & grade estimates
for the Hearne pipe. The average modeled grade is 1.71 carats per
tonne, with an average modeled value per carat of $65. That represents
a resource worth about $762 million.
On 3/10/2000, Monopros reported its modeled revenue & grade estimates
for the Tuzo pipe. The average modeled grade is 1.22 carats per
tonne, with an average modeled value per carat of $43 (lower than
the other pipes because the size of the diamonds is smaller). The
values are not as good as the 5034 or the Hearne, but the resource
is still worth more than $750 million.
There are only about 7,000 kimberlite pipes on the planet. There
are only 20 that have resulted in major mines, & about 40 are involved
in quite small operations. The fact that the ones in this Kennady
Lake area have such a high grade of diamond content is what jogged
De Beers' interest.
The AK property is held 90% by MPVI & 10% by Camphor Ventures
(Vancouver/CFV). MPVI received C$2,295,000 from De Beers' Monopros
as its share of the sale of the 3% gross overriding royalty purchased
by De Beers 9/13/99.
MPVI also has a 50/50 joint venture with Opus Minerals Inc. covering
a total of 775,000 acres. Airborne geophysical surveying is planned
for this spring on the initial 234,688 acres at the Northern end
of Baffin Island in Northeastern Canada. A field program was completed
last summer with 294 samples collected, processed, & examined for
kimberlite indicator
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