GGL Diamonds,the diamond explorer that found nickle Message Board

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Gold/Mining/Energy : GGL Diamonds,the diamond explorer that found nickle

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To: Mr. Oil who wrote (4)	7/29/2007 8:13:38 AM
From: james flannigan	Read Replies (1) of 43

Mr Oil. I will try to answer some of your questions to the best of my understanding.First I never sweat the outstanding amount of shares in any jr exploration company.I only look at the outstanding shares as a way to measure market cap.Market cap is the only valuation metric I use.That said GGL is an explorer that burns money looking for an economic discovery(no cash earnings).After ten years of trying to find an economic ore body the company has had many duds, thus lots of financings and share holder shredding of capital.GGL is one of thousands of jrs in the same position.The market cap of GGL is high as no drilling is yet done.But the structure that GGL has found and the outcrop is much larger than the Voisey bay structure.GGL was smart enough to keep its nickle find under wraps until they could stake all of the structure.This move by the company may pay off many times more that just $65 million.This is were I find the value,and if GGL can now drill some holes into that foot print and come up with some good nickle intercepts, $65 million will look like pocket change.The company is planing some drilling with the $2 million they have on hand before they will do another financing.Another financing is fine by me if the company can create at least $1.00 in market value for every $1.00 of new shares.Were the financing is a good thing is when the company can create $10.00 in market value for every $1.00 in financing.This is were my bet has been placed and in fact I welcome all the financings as it could lead to $ billions of insitu value.When we are buying GGL shares we are not buying present value,we are buying future value.The prospect of GGL finding a major nickle discovery is weighed in favor of current share holders. James

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