Hello Georges
The short answer is yes, but not the way I was six years ago. While I totally understand management's reasons, I am very disappointed in SUF's meager exploration efforts in the first world, especially in the NWT and elsewhere in Canada.
Based on published information, the edge SUF had in Canadian diamond exploration appears to have been lost, while a number of other juniors appear to be well on the way to announcing exciting new discoveries.
No question, Messina et all will prove very profitable in the medium term, but as I suggested more than a year ago, I don't foresee significant appreciation until SUF announces new first world diamond finds or Messina production substantially pays back its initial financing. Yamba and to some degree, Misty offered significant exploration potential but SUF simply has not had the pockets or will to pursue these plays nor have I read of any intention to do so in the upcoming season.
Unless something unforeseen occurs, SUF investment will return a nice profit two or three years from now, but failing a takeover or first world diamond discovery, I don't anticipate a major appreciation for awhile yet.
In the mean time, I have been doing nicely elsewhere as I am sure most have and I don't propose to tie my money up waiting when a couple of other juniors will prove far more profitable in the near term.
Hope all is well and for every ones sake, I also hope I am wrong.
Regards
Vaughn |
