Karelian Diamond Resources Share Discussion Threads

[goldeneye5] 21/10/2017 21:56

Lahtojoki will be a lot richer and the adjacent ground will show this.

[goldeneye5] 21/10/2017 21:50

Strange stuff as this is all old news. Why are they only noticing this now?Karelian Diamond Resources Diamond Mine worth $ 220 million In the northern part of Savolax in Finland, a diamond mine is being planned. Karelian Diamond Resources has estimated the value of the find at the London Stock Exchange at $ 220 millionIt is the same company that made the latest test drills in Kaavi. In Finland, you have already made jewelry of diamonds from the same area.The whole find is estimated at 2 225 000 karat which, according to today's diamond price, would cost about 220 million dollars. According to Karelian Diamond Resources, an Irish company, the mine could very well be profitable.Specialist Kari A. Kinnunen at the Geological Research Center is somewhat critical of the estimates of the value of the find."It's only the stock company that can decide how they make their estimates," Kinnunen told the Finnish newspaper Iltalehti.According to him, it is essential what quality the diamonds are of. It, in turn, depends on the size and on how "clean" they are.- How much they value is based on estimates and expectations. Test drilling and enrichment becomes expensive and it is important for the company to show figures that can indicate that mining operations could be profitable, says Kinnunen.Source: FNB

[goldeneye5] 21/10/2017 21:43

Media in Finland suddenly noticing Karelian Diamonds

[keysersosse] 21/10/2017 08:58

I'd actually urge caution here and say the 3.9mm sparkler is from previous findings which were found by earlier companies at K-K.

We'll go much deeper once in production so it does bode well indeed though.

[escapetohome] 21/10/2017 08:49

Wow that is incredible if true about signing a contract with rio.

Warning - stand by to light the touch paper!

[shambaby] 21/10/2017 08:34

There's comments on the bottom if you translate the locals are talking rio tinto

[george0802] 21/10/2017 06:12

I also translated with Google Translate! Also downloaded the picture of a 3.9 mm diamond from Lahtojohki! Hopefully the only reason this has not yet been confirmed in an RNS is that we are in talks with Rio and are constrained by the confidentiality agreement. Could be lots of very good news coming soon.

[rbonnier] 20/10/2017 23:19

Repent The End Is Nigh!

[shambaby] 20/10/2017 09:25

hxxp://m.iltalehti.fi/talous/201710182200469453_ta.shtml

3.9mm diamond 💎 it's coming

[duplicate book] 19/10/2017 07:46

Karelian signs agreement with Rio Tinto Mining


22 July 2010

KARELIAN DIAMOND RESOURCES PLC

AGREEMENT WITH RIO TINTO MINING AND EXPLORATION LIMITED IN RELATION TO FINLAND
EXPLORATION DATA

* Agreement signed with Rio Tinto

* Confidential information and geological samples will also be made available
by Rio Tinto

* 51 per cent. back in agreement with Rio Tinto for any major diamond or
other mineral discovery

Karelian Diamond Resources plc ("Karelian") (AIM:KDR, ESM: KDR), is pleased to
announce that it has concluded a Confidentiality Agreement (with Back in
Rights)......'

The mechanism is already in place for such an eventuality, it just needs Rio to trigger the option to do so.

[shambaby] 19/10/2017 07:29

Dave is one of three triplets.

[goldeneye5] 19/10/2017 00:21

d444 in this worlde uv predrective text, am I the onle wun who tinks u may bee a littel annually retentive!

[dave444] 18/10/2017 23:27

GE - the word is paid - sounds like you are under 30 with the lack of spelling

[dave444] 18/10/2017 23:02

Little fairies are doing the work apparently!Or is that those on the bb

[goldeneye5] 18/10/2017 21:14

Cheers KS, I suspect that a new company will be created by RTZ for Finland to facilitate a joint venture between KDR and RTZ. This arrangement may not be far away, but that's just a guess. It may not even be Riihivaara that triggers this. Perhaps may even be bulk samples from Lahtojoki/Seitapera that triggers this. Obviously it would be at RTZs discretion. I am convinced this is where we are going, hopefully soon KS.Regards

[keysersosse] 18/10/2017 20:47

Aye, but we're unbeaten in one game now,haha.

[keya5000] 18/10/2017 20:22

Company sounds more leaky than BWFCs defence Keys with you getting all these warm feelings.

[keysersosse] 18/10/2017 20:03

Thanks GE and I'm in total agrreeance with you pal.

It's gone unusually warm in Finland now, wouldn't be at all surprised if something else filters through shortly.

[goldeneye5] 18/10/2017 19:49

I guess it's at RTZs discretion. I would agree with what KS said earlier. I suspect is more than one team at one location on the go at the moment.

[goldeneye5] 18/10/2017 19:38

I could be wrong on the current work programme, but there is a good chance RTZ are at the party

[goldeneye5] 18/10/2017 19:36

Think Rio payed for sample analysis of 355 Garnets from Riihivaara at £1000 a pop. Why do this unless they are interested and want to push things along.

[goldeneye5] 18/10/2017 19:33

Not required in an RNS.....their earlier payments for sample work at Riihivaara were just announced to the room at the AGM....

[ladybird1] 18/10/2017 19:26

Interesting thought, goldeneye. Any reason why their involvement should not have been announced in the RNS? You note their earlier funding is public knowledge.