I believe Stockhouse has a great deal to work with. If you read back a few posts, you can go to the area, and see Kimberlite. We're not guessing that there might be Kimberlite like they are in Alberta, but you can actually see it. You can see a bucket of diamonds if you go to one of the partners in Saskatoon. Even if they are small diamonds, they still have significant value.
It seems strange that the grab samples that Kensington did had so much more value than the bulk samples. The indication is that something was being lost along the way. When the tracers were put down the hole, only 20% returned, indicating the value could be 5 times greater according to Dr. Rombous (spelling?. If you follow the geography down from diamet, and aber, this follows the same line, and is a lot less expensive to drill and a fraction the cost to put into production. BHP minerals had to build an entire camp, and ship it north of Yellowknife. Everything has to be put in corridors because of the permafrost and the cold weather, I know because I have worked on the project. Kensington can pull their workforce from a major centre a few miles away, no camp, no housing, no flying people in to work 2 weeks, and then out. When Stockhouse starts promoting, I see this will hit well over $1.00.
It seems that some people like to down play these stocks because they are shorting it. Hopefully the shorts will get burned.
Mike G |
