Forum Archive Index - March 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

MAKE SURE CROWN IS ON YOUR WATCH LIST

RECENT CONVERSION OF CONVERTIBLE NOTES HAS IMPACTED PRICE BUT THE TIDE MAY BE TURNING.

_________________________


CRD - Crown Diamonds

Crown Diamonds NL (CRD) - Diamond mines in Sth Africa

12 month high .255 (27 Oct 2003)
12 month low .08 (19 June 2003)
Closed Yesterday at .135

Website: http://www.crowndiamond.com.au/
Crown have made substantial progress on plans for consolidation and
growth.

ASX Notices
- Production Forecast for Present Mines following upgrades and
improvements:

1) Messina - present approx 20,000 carats per annum
to 28,000 carats per annum by 2006

2) Star - present approx 20,000 carats per annum
to 72,000 carats per annum by 2006

Above represents a combined forecast increase from present 40,000
carats per annum
to 100,000 carats per annum by 2006.

Additional Info:
Acquisition of Helam Diamond Mine (presently under due dilligence)
- Helam present production is 96,000 carats per annum
- if acquisition and upgrade proceeds Helam forecast
is 144,000 carats per annum by 2006.

Summary:

Present Production:
Messina & Star - 40,000 carats per annum - upgrades & improvements =
forecasted increase to 100,000 carats per annum by 2006

Potential Production (if purchase of Helam proceeds):
Helam - present production 96,000 carats per annum + upgrades &
improvements = forecasted increase to 144,000 by 2006.
Potential from 3 mines approx 136,000 carats per annum to 244,000
carats per annum by 2006.

NB
Forecasts yet to be proven.
Production forecasts are per annum
Recent conversion of convertible notes,
however; if acquisition and upgrade of Helam proceeds,
forecast production for Crown is in region of 244,000 carats per annum
by 2006.

. Add to watch list
. Monitor for news confirming Helam mine acquisition (by 2nd quarter 2004)

________

Investor Brief on website is well worth a read:
http://www.crowndiamond.com.au/index2.html