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I've known toni rich for years and we talk regularly but what really got my attention was when I had a conversion with someone outside the company, a well known geologist, who had a few beers with a fellow geologist from the Kennocott crew that also did the aber discovery and his comments were to the effect that these are the best pipes we've ever seen, even better than the aber pipes. Remember we are very early in the drill stage of locating diamond pipes, but look for continuing strength in the stock, should be trading over 2.00 when drilling starts (2nd week in jan). Of the 4 million shares, toni owns about 1.2 million shares and a group of investors own 800,000 more shares leaving a float of about 800,000 shares and most of them are closely held, like myself, I have 25,000 shares and my friends probably own another 25,000 shares. Not much of a float is left and any good news will cause the stock to fly. Toni has talked about doing a stock split to creat some liquidity in the stock. They also own a couple gold mines, puts about 75,000 in the pot every year, I don't know what is his current cash position, but I'm sure its over a million dollars, probably a floor around .60 on the stock. Like I maintain its a stock that one day will make me a lot of money, hopefully it's 1997. jerry |
