Snowfield Development Corp. SWFCF

De Beers Snap Lake Project.

[HotSnot]

Sorry for the repost but i think it merits discussion abit. It got pushed off by useless posts. RE: OT Here''s an old post fr MPV bb re Victor. In response to AKdude's informative post. It got me to thinking why in the world would De Beers bother with the Snap Lake project if it was going to be a money LOSER. In Akdude's artical it mentions Snap Lake as having a 1.2 carat per ton average and then goes on to mention the project as being dismal etc. I think the authors numbers were abit incomplete. If you check out De beers Canada's home page and Snap Lake project Fact sheet located here.... https://www.debeerscanada.com/files_2/snap_lake/factsheet.html You will notice this section about 1/3 down the page. PROJECT FACTS Impact area <500 hectares Indicated resource 1.4 million tonnes Inferred resource 25 million tonnes Total tonnes processed 16 million tonnes Recoverable grade (above a bottom cut off-of 1.5 mm) 1.2 carats per tonne Average diamond value US$ 144* per carat Annual tonnes produced 1.1 million tonnes Annual carats produced 1.4 million carats Employees at full production 500 employees Investment to date CDN$ 862.9 million Capital cost to construct CDN$ 975 million Operating cost per tonne CDN$ 156 What is important to note is they used a 1.2 carat CUTOFF grade not as a total grade. When STA posted their results that shot them to over 2 bucks a share they had ONE.... thats 1 diamond above a 1.5mm sieve. De Beers didnt even count those into their resource estimate. When DDN recently this week went to 1.50 a share they did not have any...thats ZERO...not even one above 1.5mm....again De Beers ignored those completely. I think DDN's highest one was .600 sieve I would imagine that there is a boat load more money in addition to whats being counted at that SNAP LAKE operation via slightly smaller diamonds. Lets figure just the diamonds they find inbetween 1.00mm sieve and 1.49mm sieve. Not huge in size, but i would imagine large in number and still worth a nice chunk of change no? All in all this makes me think if we get Snap Lake numbers we would be sitting in a very strong position. It seems realistic to me.