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tullii
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Studied: Power Engineering, Exploration Technology, Worked Upstream, Midstream, Downstream in Oil and Gas, Pipelines, Drilling, Refineries. Regardless of our desire for clean energy, oil makes things and is the building block of any economy. From production to transport to refining its the... More
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Tullii LLC
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Exploration Blog
My book:
CrOblet Creating real opportunity by leveraging energy technology
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  • tullii
    , contributor
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    Author’s reply » (2006) other % owners listed

     

    ...fragmented ownership of the pipe. Peregrine owns 54.475%, while DHK Diamonds Inc owns 20%, Archon Minerals Ltd (ACS-V: $1.60) owns 13.275%, Aber Diamond Corp (ABZ-T: $38.10) owns 7.35% and Southernera Diamonds Inc (SDM-T: $0.40) owns 4.9%. DHK Diamonds is in turn controlled one-third each by Dentonia Resources Ltd (DTA-V: $0.19), Horseshoe Gold Mining Inc (HSX-V: $0.29) and Kettle River Resources Ltd (KRR-V: $0.60). If we ignore the non-diamond projects of the DHK juniors, the market is presently assigning an $85-$120 million project value to Tli Kwi Cho. I believe the latest results are sufficiently robust to justify
    18 Nov 2014, 09:03 AM Reply Like
  • tullii
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    Comments (168) | Send Message
     
    Author’s reply » “Diamond exploration is one of the riski- est businesses on earth,” Passin says.
    Canada, where many of the kimber- lites are in the remote Arctic, is a case in point. After four decades of explora- tion, the country has two mines, Ekati
    and Diavik, 20 miles apart in the Northwest Territories. Ge- ologists Chuck Fipke and Stewart Blusson discovered Ekati in 1991 and own 20 percent of it. Melbourne-based BHP Billiton Ltd., the world’s biggest mining company, owns the rest. Three years later, Doyle and then 26-year-old geologist Eira Thom- as unearthed Diavik. Toronto-based Aber Diamond Corp., the once tiny company that Eira’s father, Grenville Thomas, started in Vancouver, owns 40 percent. The rest belongs to London-based Rio Tinto Group, the world’s No. 3 miner.
    Together, the two mines produce about 11.5 million carats a year, or about 13 percent of the world’s total by dollar value. Three new mines, scheduled to open by 2008, are expected to produce 2.5 million carats a year, or just one-fifth of the haul
    coming out of Ekati and Diavik. “There hasn’t been a monster score in a long time,” says John Kaiser, a Mor- aga, California–based analyst who has a Web site about stocks called Kaiser Bottom-Fish Online, which many in the diamond industry consider required reading.
    18 Nov 2014, 09:16 AM Reply Like
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