MacDuff
You are correct in your thoughts of Debeers. They have been successful in the various plays that they have JV's in the NWT. On the TYR properties, they have sampled all 5 blocks and are now- processing the over 600 samples. These samples were taken from the airborne IP survey anomalies. Processing is now being done at the lab with results to come out after this has been completed. If anyone can find kimberlites, they should as they are probably one of the most experience in the world. If it's there, they will find it!! TYR is in a good position. John Kaiser, of Bottom-fishing report published an excellent article on the Alberta diamond play. He states that "the ADP juniors could not be cheaper and riper for bottom-fishing". With patience, we will be rewarded.
Look at all the pluses for TYR in the ADP-
-experienced management.
-over $2million in the treasury
-low overhead in these difficult markets
-well funded to production
-well located properties in the Alberta Diamond Play
-top JV partner in the world- Debeers
-Debeers will spend over $5million to earn 51%
-Debeers has purchased shares in TYR at $.70
-Debeers successful in other projects in the NWT- Major General and Mountain Province
-partner has over 3000 kimberlites documented
-many targets to sample
-infrastructure in place- geophysicists, geologists etc
-lab in Alberta
-drill program in the next few weeks
-TYR has a JV with AMH in the Yukon at Prospector Mountain
-sampling is ongoing with the possibility of a drill program next month
Keeping the above in mind, what is the downside? 10%,15% But, better still, what is the upside if first, Debeers finds kimberlites and second, if they are diamondiferous? Could we get up to the price of ACA? Probably!! TYR offers tremendous leverage under these circumstances! Be Patient
Regards
Tom |
