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With regard to 5034, it is my opinion that when the results are evaluated using a 1mm by 1mm screen, the grade will increase towards the 1.8 -2.0 carats per ton and the diamond values will decrease towards the $45.00 per carat range, resulting in an overall ore value higher than the originally estimated $82.50 per ton. I think it should come in around the 95-100 dollar per ton range. This is just an educated guess on my part. Notwithstanding the market, MPV has buy recommendations from many brokerage houses, as the analysts are beginning to review the highly reliable press releases containing the grade information put out by the company, with the explicit review and approval by DeBeers. MPV is the real thing, and the analyst community has recognized this. Now, as for the evil forces out there who continuously attempt to lower the stock price through their brainless bid whacking and underoffering of stock, well, I hope that by the time they finish they will be able to drive an 18 wheeler sideways right up to and in where the sun does not shine. Ultimately, value will prevail(if their is a world left after the Asian armagedden)and the stock will perform. The powers that be must have an agenda, and I welcome them to sell all they want for dimes on the dollar. The smart money will scoop it up because there is no information which the evil forces know that is not known by all who follow the company. What I mean by this is that all information is out there and released by DeBeers. They are not hiding anything. However, they(the evil forces) just elect to beat the shareholders over their heads in an effort to force them to capitulate and sell their holdings for a fraction of its worth. Dont let them get to you. Buy the dips all the way down to whatever price they sell it towards. The rewards will be well worth it. Antics will not determine the value in this play. Bring on the diamond valuations and lets find some more diamondiferous kimberlite. DeBeers has proven itself to be both efficient in its use of funds and time, and it would not surprise me if this play was Canada's second producing diamond mine in the Northwest Territories. And it is important to remember that DeBeers, to date, has not earned ANY interest in this potential mine. They still have to spend approximately 13 million to earn their first level of participation. For that, and in combination with the impressive results on Tuzo and Hearn, you can bank on major bulk sampling to occur. In situ value , by my rough calculculations, is at least 5 billion dollars, of which MPV has at least 36%, which means their cut is 1.8 billion.That works out to 41 dollars per share. We are trading at approximately 6.7% in situ value. That is a joke , but reality. For that, I think the only strategy can be to buy the dips and wait for the sun to shine and the evil forces to burn themselves out. |
