Nice post WillP,
In fact, diamond exploration by juniors is a very new phenomenon. In the past, de Beers was always present very soon in any play. So salting was a very dangerous game because de Beers was the only buyer for« your stuff». A junior had even no choice, but «invite» de Beers at the table. So everybody wore white gloves and toxedo!!!!!!
But today, a junior can try to sell a project to the market during a very long time before any major step in. It can even refuse to invite a major at the table.
And an experienced man like you knows that anybody can sell anything to the market today( the market including not only the investors, but analysts, brokers, letter's editors, journalists.....). Ask Egizio Bianchini, if you are not sure!!!!
I don't say that this play is a salting story. I am just asking questions relating to certains facts that have troubled me and reminded me of another story.
May be I have read to many times the story of Bre-X. But I do remember that red flags appeared very soon over Busang. But according to the «market», it was impossible to salt such a high number of samples over such a long period of time.
Impossible..... until John, Mike and the gang made a clear demonstration that the market was wrong!!!!!!!!
Regards
JP |
