söndag 7 mars 2010

AFA.V

This might give you an idea. I'm betting on they at least be able to prove a 6 M carats find in Block J.

0.75 M carats SP of C$0.25

1.5 M carats SP of C$0.5

3 M Carats SP of C$1

6 M Carats SP of C$2

9 M Carats SP of C$3

12 M Carats SP of C$4

DeBeers/Namdebs find at Atlantic 1 that AFAs Cheif geologist was instrumental in finding is considered to be a 100 m carats find. The total area is some 5 times larger than AFAs block J but these two areas (A1 and Block J) seems to be very alike in terms of geological structure and apperance according to Mr Forster. That is the guy that was involved in finding A1 as well as now is AFAs cheif geologis. He - if anyone - should know.

Then of course we need to realize that the sampling area we getting in to not only is DEEPER and thus gives us the following potential vs the earlier made sampling:

"AFAs most recent 43-101 report has established a potential ranging from 0.7 million to 1.8 million carats on 35% of the mineralized area."

NB the above sampling was made on a 12.3 km2 area and that there in addition to this is some 15 km2 area in Block J that in fact also very likely contains diamonds.

Now as we in this third sampling with the new state of the art vessle are capable of digging much deeper (down to 12 meters) than what was possible in sampling two (only two meters) - and down to where the most important layers are (6 meters down) and in fact - this is what CEO Mr Leveille had to say about the potential:

"It is recorded in the industry and has happen to every company that the first sampling with a light tool has only touch the surface and then when they came back with a more powerful tool, they normally increase the grade by 2 to 4 times. "

So in a real normal case we now can expect a new range of in between 1.4 and all the way up to 7.4 Mcp.

But then Mr Leveille goes on to say:

"We have seen some specific case in specific areas where the grades have gone up by 20 times. However the general rule is 2 to 4 times.’’

Given all of the above gives me reason to beleive a find of at least 6M carats should not be entierly unlikely. That is simply because I do not think Block J is a normal case and that it may proove to have a significantely higher potential than an average find.

Thus and in a best possible case scenario - if A1 and Block J would show to be identical in terms of scoope, potentialn etc - then we could end up with even a 20 M carats find at Block J.

But in addition to all of this we then also need to consider that the new sampling we're abvout ton enbark upon is larger as the first NR 43-101 sampling was made on an area totaling 12.3 km2 . The new sapling area we're now to start however is an an area of 22 km2 or almost a 100% increase.

"The sampling program on Block J will cover Features 6, 8, 17 and 19 covering seven Geological Zones and will comprise a total of 332 samples. Of these, 271 are sited within delineated targets covering 19.6 square kilometres. The remaining 61 samples are designed to test geological formations that are thought to be potentially diamond bearing, but have not yet been proved as such. Approximately 22 square kilometres will be examined by future programs of detailed geophysics, vibracoring, and evaluation sampling. The aim of the complete surveying and sampling program is to delineate diamond resources on Afri-Can's Block J marine diamond concession in Namibia in compliance with National Instrument 43-101."


So choose you pick and sure there is room for speculation here. With a potential of anything in between 3 m to 20 m carats in Block J I guess anyones pick may have the potential to be the right one.

However the potential in this case is not what concerns me. All I'm interested in right now is that management acually and finaly are able to get the boat out to do it's sampling work. So far the only thing managementhas produced in this regards last couple of years in fact is a lot of emails and PR containing the worlds "soon", "within days" or "in a short while".

Now last "deadline" they have communicated is that they have gotten a verbal more or less commit from the ministery that they'll have the approval by the end of this week. Today is Thursday and tomorrow it's Friday. So now two days remain. We just have to wait and see..don't we?

Below a post I found on a Swedish chat board called BS. Given this then diden't happen today as anticipated by Mr Leveille below I then guess we now therefore must focus on "early next week" instead.

Question then is - what really is early next week? My interpretation would definately include next Monday and possibly also even Tuesday as early next week. Wednesday however, by all means, can not be defined as early. Clearly Wednesday must be defined as middle next week. For sure then Thursday and of course also Friday must, at least according to my vocabulary, be defined as late next week.

So what do you think - will we see this thing move next Monday possibly Tuesday or not? Pierres guess for sure (and yes by now we all agree it's not a qualified quess by Mr Leveille) is that it will happen any of these ywo days. But does he then have the trac record to support that assumtion? Surley not more qualified than your or mine indeed very unqualified guessing.

So from now on let's just have as a strategy that we just continue to add on two days until it actually happens. Then afterwords we can look at how long it actually took...ok?

"Dear xxxx,
We are still awaiting the permits and as usual it is a frustrating experience because it takes time. The agent of the Ministry told us that it could be issued this week. Therefore, I anticipate having them today or very early next week.

The vessel is ready and awaiting our sampling to start. We will issue a press release to inform our shareholders as soon as we receive the permits.

Kind regards

Pierre Leveille
President & CEO
Afri-Can Marine Minerals Corp.
4444 Ste-Catherine West, # 201,
Montreal, Qc. Canada
H3Z 1R2
Tel: 1-514-846-2133
Fax: 1-514-846-1435"

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