Hi Fix: Maybe I can answer Chuck as well in this post. First of all.,
I dont follow GMD and SND even though they are promoted under
Farrel Financial. That is not to take anything away from them., I just
dont have an interest to look any further than what I currently own
You asked sometime back what my current holdings are., so why
dont we make a list. and we will check back By May 31 and see
whether this guy bombed or succeeded.
1. Aber Resources currently 10.00 US. My May 31 target is 20.OO U.S
2. Southerna Resources. Currently 9.00 US and change May 31 target of 17.00 US
3. Rex Diamond Mines Currently aprroximately .63 US $4.00 US
by May 31
4. Mountain Province. Likely 100% if mini=bulk shows larger stones.,
and gem qualities in the 25% and above range.
Pure Speculative raw diamond plays:
1. Winspear Resources. By virtue of known gem quality of samples
and 57% interest. No question here as to the commercial implications
with large stones already present in sampling that the source is will
be economic when the source is delineated . My favorite as you can tell.
2. KLA. will benefit and stand on their own next year by virtue of
19.8 interest and carryed to production and the swing company
in a future amalgamation if and when it occurrs.
3. Gerle share price will appreciate with any further MPV success .
So assuming that the money continues to flow out of gold stocks and
into the diamonds. this is what I perceive to be how the various
players unfold as 98 approaches.
The reason I have picked Platinova over Lexam is based on the
claim agreements and the earn ins required by each JV partner.
Here is a summary of
the players:
Geology:
The Southwest-Northeast trending belt., traverses 100% platinova
as well as ground optioned by Platinova to Lexam Explorations.,
Aber Resources., and Fdordland Minerals. Dykes have been found
on Lexam which extend several kilometers.
Here is a summary of ownership in each block:
Aber-Platinova JV 11,900 sq. Km 2.9 Mil acres
Fjordland PlatinovaJV, 14,383 sq.Km 3.6 mil acres.
Lexam Platinova JV 3390 sq. km .8 mil acres.
Platinova 4318 sq. km 1.1 mil acres
So by virtue of Platinova being in Greenland and their relationship
with the Danish long before much of the other players., it could be
assumed they may have a leg up. Rather than trying to pick a single
player., Platinova should cover most except Diamet., DeBeers or
Can-Mountain mineral.
Major General is a good value at current prices. but so are many others. They do have a 4000 sq mile presence in Southern Greenland
SVB project is early but I like their Olympic and Bath properties.
A decent buy at their lows.
George |
