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Bullboard - Stock Discussion Forum IIE:CA V.IIE

TSXV:IIE - Post Discussion

IIE:CA > Chuck Fipke / Ekati Diamond Mine
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Post by art27 on Mar 28, 2008 6:07am

Chuck Fipke / Ekati Diamond Mine

Interesting read JUST AMAZING Between 1998 and 2004, the mine (Ekati Diamond Mine)has produced 26,033,000 carats (5,207 kg / 11,479 lb) of diamonds. It is expected to yield revenues of about C$500 million a year for at least 25 years Charles E. (Chuck) Fipke is a former prospector who discovered the existence of diamonds around Lac de Gras in Canada's Northwest Territories. He is now a multimillionaire diamond magnate, described as "near-sighted, goateed, short and tough as an oak stump, his speech jolted by a stutter and a hair-trigger laugh"[1]. Fipke was born in Edmonton, Alberta. In 1970, he graduated from University of British Columbia with a Bachelor of Science (Honours) degree in Geology. Fipke, called, "Stumpy" and "Captain Chaos" by employees, had made finding diamonds in the north of Canada his singular goal since their discovery in late 1970s. A joint venture between Fipke's Dia Met Minerals and BHP-Utah in the 1980s and 1990s culminated in the establishment of Canada's first diamond mine, Ekati Diamond Mine https://en.wikipedia.org/wiki/Ekati_Diamond_Mine , in 1998. Fipke and partner Stu Blusson each own 10% of Ekati. Fipke was divorced by his wife Marlene, who had been with him since he began searching for the diamonds. This divorce at the time was Canada's largest divorce settlement with her portion of the assets estimated to be approximately C$123.1 million. In 2006, Fipke donated C$6 million to the University of British Columbia to support the creation of a centre for innovative research.[2] https://en.wikipedia.org/wiki/Chuck_Fipke
Comment by twowheelerr on Mar 28, 2008 12:38pm
Chuck Fipke is a blood hound, he will find those diamonds en mass.
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