Hello teevee,
I'd have to disagree with several things that you say:
1) WSP is no peer of Aber or Diamet. Once a mining decision is made, maybe, but thats about $150 million and a year or so away.
2) WSP has a fissure/dyke, not a pipe. The pipes are key to lower mining costs, which greatly influences feasibility. And little blue sky, unlike Diamet which has many more diamondiferous pipes, and Aber, which has, well, Snap Lake.
3) In my opinion, with the volumes, the press, and the market effect, the market has recognized WSP.
4) I wouldn't be surprised to see money flow out of WSP into other diamond stocks, like MPV.
5) Another point that many may miss is the fact that WSP will have to raise money for the next bulk sampling. This means another issue, which tells sharp traders that they can dump stock here and replace it later, likely with cheaper stock. Ask yourself what you would do if you were holding several million WSP shares, and new that they'd be coming to you for more money in the near future. Sell $3.50 stock and replace it with a $2.50-2.75-3.00 issue? You'd be an idiot not to sell.
But that's just my opinion. I'm still hoping the CF numbers don't disappoint, or look out.
Best Luck,
Confluence |
