Post by bluediamonds on Jun 22, 2004 16:27:03 GMT -5
Reply to the Stockwatch PR from Will Purnell!
« Thread started on: Today at 2:54pm »<br>by DrDiamond
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I submiited this to the Stockwatch site! They still haven't posted it yet! Some comments are from my Intrinsic Value post!
It seems that Will Purcell is not leveling the playing field for the CMKM – DeBeers/Shore comparison that he began! There is a failure to mention that DeBeers’ focus on the Aerial Surveys and the early recording of the magnetic anomalies left millions of acres available that DeBeers did not chose to claim! New Technologies have confirmed that the pipes identified as non-magnetic anomalies are just as diamondiferous and valuable as the pipes identified by magnetic anomalies.
In DeBeers/Shore rush to profit and produce they left the adjoining properties available for claims! What DeBeers didn’t know was that the pipe they were working on in Fort a la Corne had a possible sister on the edges that is potentially as big as the one they are working! Who then got the mineral rights to the adjoining claim and the sister pipe that was a non-magnetic anomaly? That’s right, little ole sub penny CMKM Diamonds (CMKX)!
One might think that a non-magnetic sister pipe to DeBeers in Fort a la Corne could be worth in the neighborhood of billions of dollars and that to a company that today is trading at .0006! Wow, what a risk investment! CMKM Diamonds is relatively young and value has yet to come to its table, but it is on the way if intrinsic value has any legitimacy at all!
Take the comparison in Saskatchewan a little further! DeBeers has mineral rights to only 58,000 acres in a land that is known to be filled with kimberlite and there are only certain land masses on the face of this earth that contain the properties necessary to contain kimberlite! CMKM Diamonds (CMKX) has mineral rights on a minimum of 1,400,000 acres of this prime land. We all understand that the vast amount of lands available on the earth today, few land masses contain areas of kimberlite! This causes all lands that have kimberlite to have an inherent intrinsic value over any of the other lands not containing kimberlite!
Now, within those few particular land masses that have the rare properties that have manifested kimberlite within its boundaries, are even a rarer form of land mass among the kimberlite masses, and those are the ones KNOWN to be diamondiferous! Whatever intrinsic value one might place upon land as a whole, one would have to increase that value based upon the minerals that are intrinsically inherent in the land! The rarity of the minerals should dictate a higher intrinsic value by the nature of the scarcity of the mineral and its overall availability! As rare as kimberlite is on the planet even rarer are the diamondiferous land masses within the rare kimberlite field of land masses!
In Africa and some of the other places kimberlite is found, the actual percentage of kimberlite pipes that are diamondiferous are a very small percentage, let’s say 10%. The kimberlite lands in Africa would be more valuable than most any other land in Africa because of its intrinsic properties of possessing kimberlite! Why? Because of the potential they possess of being diamondiferous! Not because they are diamondiferous, but because they possess the properties that none of the other lands have! By their inherent properties they possess the POTENTIAL to have diamonds where the others lands without kimberlite, do not! The lands in any area KNOWN to be kimberlitic and diamondiferous would hold even a higher intrinsic value because of their potential of being diamondiferous.
In Saskatchewan we have a multiplied intrinsic value because we can calculate the rarity of the POTENTIAL for having kimberlite, plus the added bonus of KNOWING there is kimberlite throughout the region, plus knowing that 80% (yes 80 percent) of all kimberlite in the Saskatchewan Land Masses is diamondiferous, adds more intrinsic value to the land! Add to that the confirmed Aerial Surveys showing magnetic anomalies all over the Saskatchewan land mass and confirmation that non-magnetic anomalies also contain as much potential as magnetic anomalies for having diamonds. Add to that the fact that 50% of that diamondiferous kimberlite holds diamonds of at least one millimeter in size. Add to that the fact that a high percentage of diamonds recovered are clear, inclusion-free and exhibit good crystal form.
All of this determines intrinsic value. Now you take that incredible rare and scarce land containing all of the above intrinsic properties, and realize that these are only known to be in one area on the face of the earth. DeBeers/Shore have 58,000 acres of mineral rights in this area and CMKM Diamonds (CMKX) have the mineral rights to 1.4 million acres of that land and the intrinsic value increases because you have cornered 1.4 million acres of kimberlitic diamondiferous acreage in a region known to have kimberlite, and some of them big, (like DeBeers/Shore), knowing that 80% of your kimberlite is diamondiferous, and 50% of that diamondiferous kimberlite will have diamonds 1mm and larger! You have known kimberlite anomalies on at least 14 different targets and an untold or undiscovered number of non magnetic kimberlite pipes with the same potential and some of these joining what some would consider “diamond mother loads”.
If an investor wanted to consider the potential growth between DeBeers with 58,000 acres of mineral rights that has been around for a while or CMKX with 1,400,000 acres plus of mineral rights, relatively debt free with all of its potential for discovery, growth and production before it, the hand writing is on the wall! DeBeers is private and CMKX is a pink sheet that is moving up and becoming a reporting company to the SEC for .0006 per share today!
I wouldn’t try to price the acreage or give it an intrinsic numeric value, but I believe I don’t have too! Anyone with any insight can see the INTRINSIC VALUE of the CMKX mineral rights! Just one diamondiferous kimberlitic pipe can easily jump CMKX to a major player in the diamond industry! So one has to weigh the possibilities of CMKX getting at least one when they have 1.4 million acres plus of mineral rights in the only place on the face of the earth where these diamondiferous percentages are known to exist!
Does DeBeers have value? Absolutely! Will they make money? Absolutely! But how would you like to have been in on DeBeers at .0006? I’m not saying CMKM Diamonds is DeBeers, but anyone would have to concede that the potential is there! Is that potential value included in CMKX when it is setting at .0006 per share! In my opinion not a chance!
Hiring a top ranked law firm in Edward & Angell, ordering an audit, changing Stock Transfer Company’s, locking up tight the Fort a la Corne area, are all steps the President and CEO of CMKM Diamonds Urban Casavant has been doing! Not going to do, but has already finished! The potential value that CMKM Diamonds offers an investor is rare to the world market as a whole and one might realize that before a little numeric appreciation of that fact is added to CMKX shares.
Just leveling the playing field and bringing things into perspective. This is my opinion and I ask that you treat it as such! Thanks!
Dr.D
tinyurl.com/2k98x
More on this topic at:
tinyurl.com/2u2ne
« Thread started on: Today at 2:54pm »<br>by DrDiamond
--------------------------------------------------------------------------------
I submiited this to the Stockwatch site! They still haven't posted it yet! Some comments are from my Intrinsic Value post!
It seems that Will Purcell is not leveling the playing field for the CMKM – DeBeers/Shore comparison that he began! There is a failure to mention that DeBeers’ focus on the Aerial Surveys and the early recording of the magnetic anomalies left millions of acres available that DeBeers did not chose to claim! New Technologies have confirmed that the pipes identified as non-magnetic anomalies are just as diamondiferous and valuable as the pipes identified by magnetic anomalies.
In DeBeers/Shore rush to profit and produce they left the adjoining properties available for claims! What DeBeers didn’t know was that the pipe they were working on in Fort a la Corne had a possible sister on the edges that is potentially as big as the one they are working! Who then got the mineral rights to the adjoining claim and the sister pipe that was a non-magnetic anomaly? That’s right, little ole sub penny CMKM Diamonds (CMKX)!
One might think that a non-magnetic sister pipe to DeBeers in Fort a la Corne could be worth in the neighborhood of billions of dollars and that to a company that today is trading at .0006! Wow, what a risk investment! CMKM Diamonds is relatively young and value has yet to come to its table, but it is on the way if intrinsic value has any legitimacy at all!
Take the comparison in Saskatchewan a little further! DeBeers has mineral rights to only 58,000 acres in a land that is known to be filled with kimberlite and there are only certain land masses on the face of this earth that contain the properties necessary to contain kimberlite! CMKM Diamonds (CMKX) has mineral rights on a minimum of 1,400,000 acres of this prime land. We all understand that the vast amount of lands available on the earth today, few land masses contain areas of kimberlite! This causes all lands that have kimberlite to have an inherent intrinsic value over any of the other lands not containing kimberlite!
Now, within those few particular land masses that have the rare properties that have manifested kimberlite within its boundaries, are even a rarer form of land mass among the kimberlite masses, and those are the ones KNOWN to be diamondiferous! Whatever intrinsic value one might place upon land as a whole, one would have to increase that value based upon the minerals that are intrinsically inherent in the land! The rarity of the minerals should dictate a higher intrinsic value by the nature of the scarcity of the mineral and its overall availability! As rare as kimberlite is on the planet even rarer are the diamondiferous land masses within the rare kimberlite field of land masses!
In Africa and some of the other places kimberlite is found, the actual percentage of kimberlite pipes that are diamondiferous are a very small percentage, let’s say 10%. The kimberlite lands in Africa would be more valuable than most any other land in Africa because of its intrinsic properties of possessing kimberlite! Why? Because of the potential they possess of being diamondiferous! Not because they are diamondiferous, but because they possess the properties that none of the other lands have! By their inherent properties they possess the POTENTIAL to have diamonds where the others lands without kimberlite, do not! The lands in any area KNOWN to be kimberlitic and diamondiferous would hold even a higher intrinsic value because of their potential of being diamondiferous.
In Saskatchewan we have a multiplied intrinsic value because we can calculate the rarity of the POTENTIAL for having kimberlite, plus the added bonus of KNOWING there is kimberlite throughout the region, plus knowing that 80% (yes 80 percent) of all kimberlite in the Saskatchewan Land Masses is diamondiferous, adds more intrinsic value to the land! Add to that the confirmed Aerial Surveys showing magnetic anomalies all over the Saskatchewan land mass and confirmation that non-magnetic anomalies also contain as much potential as magnetic anomalies for having diamonds. Add to that the fact that 50% of that diamondiferous kimberlite holds diamonds of at least one millimeter in size. Add to that the fact that a high percentage of diamonds recovered are clear, inclusion-free and exhibit good crystal form.
All of this determines intrinsic value. Now you take that incredible rare and scarce land containing all of the above intrinsic properties, and realize that these are only known to be in one area on the face of the earth. DeBeers/Shore have 58,000 acres of mineral rights in this area and CMKM Diamonds (CMKX) have the mineral rights to 1.4 million acres of that land and the intrinsic value increases because you have cornered 1.4 million acres of kimberlitic diamondiferous acreage in a region known to have kimberlite, and some of them big, (like DeBeers/Shore), knowing that 80% of your kimberlite is diamondiferous, and 50% of that diamondiferous kimberlite will have diamonds 1mm and larger! You have known kimberlite anomalies on at least 14 different targets and an untold or undiscovered number of non magnetic kimberlite pipes with the same potential and some of these joining what some would consider “diamond mother loads”.
If an investor wanted to consider the potential growth between DeBeers with 58,000 acres of mineral rights that has been around for a while or CMKX with 1,400,000 acres plus of mineral rights, relatively debt free with all of its potential for discovery, growth and production before it, the hand writing is on the wall! DeBeers is private and CMKX is a pink sheet that is moving up and becoming a reporting company to the SEC for .0006 per share today!
I wouldn’t try to price the acreage or give it an intrinsic numeric value, but I believe I don’t have too! Anyone with any insight can see the INTRINSIC VALUE of the CMKX mineral rights! Just one diamondiferous kimberlitic pipe can easily jump CMKX to a major player in the diamond industry! So one has to weigh the possibilities of CMKX getting at least one when they have 1.4 million acres plus of mineral rights in the only place on the face of the earth where these diamondiferous percentages are known to exist!
Does DeBeers have value? Absolutely! Will they make money? Absolutely! But how would you like to have been in on DeBeers at .0006? I’m not saying CMKM Diamonds is DeBeers, but anyone would have to concede that the potential is there! Is that potential value included in CMKX when it is setting at .0006 per share! In my opinion not a chance!
Hiring a top ranked law firm in Edward & Angell, ordering an audit, changing Stock Transfer Company’s, locking up tight the Fort a la Corne area, are all steps the President and CEO of CMKM Diamonds Urban Casavant has been doing! Not going to do, but has already finished! The potential value that CMKM Diamonds offers an investor is rare to the world market as a whole and one might realize that before a little numeric appreciation of that fact is added to CMKX shares.
Just leveling the playing field and bringing things into perspective. This is my opinion and I ask that you treat it as such! Thanks!
Dr.D
tinyurl.com/2k98x
More on this topic at:
tinyurl.com/2u2ne