Hi Vaughn,
Don't know much about the Yukon exploration,...but I can tell you that Brazil is one piece of crap to deal with, and permits take a long time to get for a lot of companies. De Beers apparently as given up on Brazil,...and Canada is now in a trade war with Brazil thanks to Bombardier planes,...it ain't going to help SUF. Brazil is full of corruption, and the locals are fighting the international companies who they say are trying to take their happy diamond hunting grounds away, and the environmental lobby is in there big time.
Country risk is clearly a huge factor. If you compare Winspear's Snap Lake to Messina, you will see the benefits to SUF equal the benefits to Winspear in terms of projected cashflow and profit,...yet Winspear's market cap blows SUF out of the water. Much as I hate to say it,...Teevee was right, and country risk is the reason why, and this Zimbabwe thing doesn't help. South Africa is on the precipice,...the leadership doesn't seem to get it.
Still holding on to a couple thousand shares, but wondering why?????
Just a stupid squished hamster. |
