Hello Vaughn,
Lets hope for some good earnings news soon. I'm hoping over $.40/share. Wouldn't that be a breakout number? Imagine just over one month's production from the overburden leading to great earnings like that. And with three months earnings for next quarter? SUF could come close to making $2.00 this year!
Its amazing that the stock hasn't had a big run-up in anticipation, but I guess most of the world still doesn't know about SUF. Imagine pulling in better numbers than Diamet will for two years, shortly after the horrible ordeal at Marsfontein. Maybe too many people listened to guys like that clown at Canacorn, or is it Crapaccord?
James was on site last Feb, and has the complete lack of foresight to scorn SUF's prediction of over 100,000 carats from Klipspringer in 1998. How about three or four times that, after De Beers takes their share of M1 production! Talk about blurred vision.
If you look at the analysts numbers for the future production from the fissures (Leopard and Sugarbird) starting in a big way two years from now, and you figure in SUF's share of M1 for the interim, I can't see how this company won't make $2.00/share for each of the next ten plus years. This is before consideration of Kudu, the new fissures, M2, M3, ....M??, the rest of Klipspringer, Luo, Cassanguidi, Camafauca, and the increasingly encouraging NWT.
From my perspective, the planned production at Klipsringer alone should earn $2.00/share. Use a multiple of 6?, 8?, 10?, 12? or whatever, toss in the new and future finds at Klipsringer, and the stock could easily be at $20+++ right now, with Angola, NWT and whatever else mgmt comes up with in the next couple years for free. After the heartache about Marsfontein, this stock could quite easily move to the $50 and $100 levels that were bandied about a year ago.
And now De Beers is a partner. That should make Camafuca more likely than ever. And beaten up juniors the world over are lining up at SUF's door for a shot the future. And SUF is still convinced the elephant will be found this year in the NWT. I'm getting excited again for the first time in a long while. Perhaps everyone's patience will be rewarded soon.
Regards
Confluence
PS Does it matter that bad things happen in Angola when development of Camafuca would involve the government, and likely a big partner like De Beers, who may both have access to "security forces" that could patrol the outer perimeter of a fortified production area?
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