Hello Hutch, as for my comments re ABX, WOW... Attractive numbers. Stock is cheap based on these numbers. Operating Costs are down approx $28.00 and even without any gold bullion increase the stock will have excellent cash flow. Futures look attractive and they have lots of exploration going on... Besides that, you seem to be on top on Gold..)
As for WSP, well, it has very good liquidity and has potential to host a wrold class mine. Nothing is confirmed as of yet. Personally, I am not ready to inject permanent funds into WSP as of yet. My strategy is to trade it now. I have a different strategy for Ashton, I am long and have a heavy position. Ashton currently has no liquidity and are awaiting 450t sample results whcih will generate volume and price increase within the next four weeks. If results are good, it is going to proceed to 5000t... Still early but I think Ashton has a few of the 23 kimberlite that have commercial grade,value and distribution. Infrastructure in Alberta is way different than creating a mine in NWT (under lake). We need to find good macros in Alberta. I don't want to bore people on diamond talk here, but if interested, check my bookmark and feel free to join me in appropriate threads.. As for ABX, it is an almost guaranteed stock to at least give investors 15% return in 12 month hold account. I am being conservative and assuming gold does not go higher than $310.00.
regards
Frank |
