JP
No doubt they will, and eventually I am sure you will do quite nicely, its just that I prefer to bet on elephants if there are any prospects, and right now I believe CMD offers greater short term upside potential than CZZ.
CZZ has proven results while CMD only has tantalizing sniffs, so from a logic perspective, CZZ is certainly the safer bet. But if I wanted assurance and the lower returns associated with sure things, I wouldn't be in these juniors in the first place.
The same sort of situation exists with ITF and PFN. ITF has a very nice prospective PGM property in Alaska of the type (breccia pipe) that typically produces high grades but low tonnage. Fortunately they also have several very nice potential Au elephants as well. On the other hand, PFN has a low grade but huge tonnage property at River Valley and Anglo American Platinum is funding drilling through mine development with the likelihood of PFN announcing this fall that that they have achieved Anglo's projected 2m oz target. That's 50,000,000 tonnes with the probability of at least doubling that and the grade and mineralized area keeps increasing.
At SVB, Falconbridge has established two very VERY large reasonably reliable massive sulfide drill targets under ground in which CMD has a 48% share, immediately adjacent to unsurveyed 100% CMD owned claims on which the target gabro appears to deepen further and not too terribly far from holes that intersected 11.8% Ni and 8% Cu six years ago. Even if Falconbridge eventually establishes overall grades of only 2% Ni, that would still be .3% higher than what is mined in Sudbury and you know Inco's new Nfld. smelter desperately needs more ore and years over which its capitalization can be distributed.
Accordingly, from my perspective, I prefer to speculate in very large exciting prospects that offer the possibility of short term $15 to $160 spikes/takeovers, rather than longer term smaller plays offering $2 to $5 bumps.
Good luck though, I am sure you will do well with CZZ especially if you got in very early.
Regards
Vaughn |
