Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: VAUGHN who wrote (2532)	2/25/2005 8:56:30 AM
From: james flannigan	Read Replies (1) of 16206

Vaughn,you are correct.How can you make money mining diamonds at @ C$ 20.00 per ton? And remove 100mtrs of over burden even before you start.Answer you cant.Investors are about to learn a hard lesson in valuing low grade deposits and high grade deposits like MPV.I have seen this unbridled hype before to name a few Bre-X,the Gold bull market of 1996 when every jr explorer was the next Bre-X before the bust,and the internet bubble of 1999.It never fails the promotion dept of a company hypes what a reasonable man would think is foolish,then convinces brokerage houses to jump on board and pump the stock or they will miss the boat.Then cash out before the realization of the rest of the market catches that the deposit is uneconomic to mine even though the numbers were in public for everyone to see.I hope my take is wrong and it works out for SGF shareholders in the end.But I have seen too many situations like this before.Warren Buffett says the stock market will try to sell your grand mother swampland in Florida all day long. Iam not trying to bash SGF nor short the stock,just I do not see the numbers as the way people do that are buying the stock at these inflated prices James

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