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Horizons BetaPro S&P TSX Global Base Metals Bear T.HMD



TSX:HMD - Post by User

Post by ddempston May 05, 2000 1:49am
65 Views
Post# 1876738

Rio Tinto

Rio TintoHymex has proven up the alluvial reserves in Diani site only. Rio Tinto is after the primary kimerlite pipes. Remember that that HMD have two major alluvial claims. Dianai and Milo. They are current sorting out Milo and focusing on alluvial concentrations of diamonds. HMD has all infrastructure in place to scale any major find up. They have spent 20+ million on 2 alluvial wash plants, kimberlite crusher and all sorts of other equipment.It is a first class operation that over spent itself. It needs a few good biggies to pay their 2MM debt down and build a little cash reserve.
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