Toronto Resource Conference
Ed,
If you liked the $2.90 close today, here's more good news.
Attended the Toronto Resource and Energy Conference to get a better sense of how the SVB play is now being regarded by the leading opinion makers. All the big resource stocks newsletter writers were at the show - the Dave and Eric Coffin of the Hard Rock Analyst; Brian Fagan of the Fagan Report Mining - Stocks and Speculations; Peter Grandich a mining investment consultant (one of his clients is Donner, he was quick to point out); John Kaiser of the Kaiser's Bottom-Fishing Report, Chris Bunka Outsider's Overture, David Mayerlen of the Canadian Speculator.
All were asked for their opinion about which area is this year's hottest resource/mining play. Some gave their opinions at the opening of a panel presentation called Hot Spots and Area Plays, while others offered their opinions during their individual presentations.
Clearly, SVB has lit up the radar screens of the industry pundits. Five out of these six resource experts/analysts picked SVB area as the hottest resource/mining play for 1998!
(BTW, they mentioned as their second choices variously -- Alberta and NWT diamonds, base metals in Mexico and even gold in Sweden. But for first place, there was no hesitation, SVB was the clear winner.)
The lone dissenter was John Kaiser who seemed more than anything to be trying to differentiate himself from the otherwise unanimous consensus of the assembled cognoscenti. He suggested that IF a discovery were made, current low nickel prices might limit DML's upside to only $10 per share. (Pinch me, someone!)
So there you have it. With the leading experts in alignment on SVB as the hottest play of the year, it will only be a matter of time before the business press awakens to this reality and begins to play up the opening of the nickel-hunting season in the Kingdom of Donner.
Good investing. Al |
