Lillian - I must apologize, I didn't mean for anyone to take offence. The point behind this is that these fellows running Kensington are real fighters. They really believe in what they have and are determined to bring it to fruition.
As far as the value of the area, I will go back to some of the old reports that were generated from Stock Watch and do the calculations and post them at a later time. What is interesting is that Uranerz, or Cameco, the same company now have a bucket of diamonds sitting in Saskatoon pulled from this site. This isn't Moose pasture, there is known Kimberlite in 71 pipes, people aren't just guessing there is Kimberlite in the area. The site is only a few KM's away from a civilized area, unlike the diamond plays in the NWT. Over the past years, over $25 Million dollars has been spent on exploration at the Forte A La Corne site, and the people in the partnership still feel that it warrants more investment, people in the know. It will take a few more million to bring it to commercial production. I have been following this stock since April of 1996, and feel that it has real potential. Do I think it will hit $30 in the near future? Unlikely, but I do see it as a bargain now. I don't know how high the dia-met stocks hit in the NWT, or where Aber is now as I haven't followed them, but this seems to be in a similar league.
Thanks,
Mike G
|