When you compare fissure to fissure (Snap Lake vs Klipspringer), some interesting comparisons come to light.
Klip: (.73cpt x $120USpc after commission)-$20US(cost/t)x 4.6 mmtonnes x 100%ownership = $US 310,960,000
Wsp: (1.7cpt x $98USpc)-$60US(cost/t)x 7.7mmtonnes x 68% ownership = $US 558,158,000 - sales commission (15%) = $US 474,433,960
Now Wsp says they have 20 million tonnes good kimberlite "globally?" and hope to increase that by going further and further underground. That's a triple.
Suf says Klip current resource is 4.6 million tonnes over 3.45 km strike length but the anomaly runs for 19 km and there looks to be another parallel anomaly. Thats a potential 8 times current resource. Note I'm ignoring Marsfontein even though 8 new anomalies have been reported there (now have M1 to M17). I'm also ignoring that the costs to build infrastructure in SAf is about 15% of that in the NWT. And I'm ignoring Messina Platinum Group metals, and Camafuca. I'm also ignoring the fact that Suf is increasing production and job opportunities in SAf at the same time that many other companies are laying off thousands of miners.
Talked to some broker buddies today. Thought these guys knew something, but it appears they thought all of Suf's SAf holdings were part of the DeBeers JV agreement, ie Suf only had 40%. Of course they are so busy chasing technology companies, they have no time to analyze mining companies any more.
russett, the squished hamster. Check my numbers, they are subject to paw mistakes. |
