Hi Vaughn,
Boy, you and Confluence type long posts (LOL).
FWIW, I didn't buy SUF for their holdings and/or exploration potential in the NWT (although I may have done that when they were a junior play several years ago at $0.50). I agree, however, that if they did find something in the NWT the stock would gain market interest and rise, but so would a lot of other companies with similar interests.
My focus, and my stubborn preoccupation in holding this company, lies in the fact that they are profitable and continue to add wealth in developing, thru economies of scale, their RSA properties.
If I wanted an NWT exploration company I would buy WSP.
Having said that, you can take it with a grain of salt cause I sold a bit today (taking advantage of the recent run-up.... I can't believe $5.50 is considered a run-up!!!), mainly because I am continually perturbed by the SUF corporate/investor relations team.
A huge pipe discovery in the NWT would probably be a cure, but I'm not holding my breath.
All unsolicited from a (most of the time) lurker, but also a long time shareholder.
Regards and best of luck,
Dean |
