Hello Fix
*** OFF TOPIC***
Should I presume that your suggestion that I pass along salutations will elicit a positive comment?
Glad to hear that you have backstopped with SUF. Agreed, IAR and KLA are hardly active mining ventures and therefore stretch the definition of investments. You seem to be aware that they are speculations and risky in that light. Their potential in that regard remains attractive however. Caution would be in order with prudent profit taking procedures as events warrant.
Regarding WSP, as I have indicated they have the initial numbers to suggest a modest mine may be in the offing, but without a pipe(s) the market will only get excited in the absence of any other story. WSP may have ore suggesting a twenty dollar potential share price, but that does not alter the fact that they do not have the cash or wherewithal to develop a mine up here.
I can not at present see how either, 1) significant share floats will be required to finance any in-house developments, or 2) a majority interest surrendered to a mining company with this capability. In either case, I still believe current WSP shareholders can only expect to see modest appreciation. There may and probably will be significant speculative swings as there are few other plays in the market's Looking Glass right now and the “pump & dump” machines are working O.T. on WSP. But long term, the market will crunch the numbers and assign a realistic value.
Interestingly, the only two Canadian companies with real expertise in diamond dyke mining are RXD and SUF. As I alluded to some time ago, in that SUF is pursuing a deposit nearby, I would not rule out the possibility of their eventual participation in this play.
Regards
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