Kimberlite might be good for 50 to 60 cents, diamonds 80 cents to
a dollar. Depends on what they release. You have to remember that the
days when every time someone announced kimberlite drove the stock prices crazy are long gone. Companies have found kimberlite in Ontario, NWT, Alberta, Sask., Arkansas, etc. but no one has come up with
anything significant except DMM and ABZ. SPQ found diamonds in surface outcrops in Ontario. They're trading at ten cents. The Arkansas pipe has been known for decades and peole have gone there to mine diamonds by hand for as long. When it was drilled, it wasn't economic. good for the tourists to dig in the mud, though, and maybe find a diamond. The word diamonds used to
get a great response. Now people want to know micros to macros,
size, weight, etc. etc. etc. MPV has a number of pipes. They thought
their price would be up there with ABZ. They're around 4.50.
ACA, unfortunately, has taken a big hit with their latest results.
It'd been good for all of us, if they'd come up with good results.
Now we've got to depend on one of the juniors (I hope it's MMU) to
succeed. |
