Will Purcel update on KDI I a lot of KDI people here so I figure no one will get too upset if I post this. Patrick Evans's Kennady Diamonds Inc. (KDI), up five cents to $4.60 on 11,000 shares, has drilled 58.4 metres of kimberlite at Kelvin, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The two other drill holes also hit promotable widths of kimberlite; no surprise since the holes are infill tests designed to increase confidence in the dimensions of the irregular Kelvin kimberlite. (Confidence equals promotability and Mr. Evans is one of the best diamond promoters around.) Kennady's stock briefly dipped below $4 last month but has been inching upward again as the company begins an important drill program this year. Retail investors are most interested in the planned 25- to 30-tonne mini-bulk sample of Kelvin that will start once the infill tests are complete. A 3.3-tonne test last summer produced 9.3 carats on a 1.18-millimetre sieve, or 2.81 carats per tonne. If that holds up, the tonnage and grade of Kelvin seem remarkably similar with CH-6, the rich pipe on Baffin Island being worked by Peregrine Diamonds Ltd. (PGD: $0.53). Kennady Diamonds still does not have a formal estimate of the amount of kimberlite at its Kelvin-Faraday complex but Mr. Evans had been promoting a target of five million tonnes, and he usually beats his targets. At this point the grade of Kelvin and Faraday remain uncertain, although all signs suggest the rock is at least as rich as Gahcho Kue's better material, about two carats per tonne. Some holes at Kelvin produced eye-popping grades of up to 11 carats per tonne in tiny samples using all the microdiamonds recovered, but that seems unrealistic for a larger test.