SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Winspear---John Paquet discussion group.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russet who wrote (28)3/1/1999 9:21:00 AM
From: Andrew  Read Replies (2) of 40
 
Hi Russet.

I would have to say that the market is not over valuing this stock at this point based on what we know. If the 6000 ton bulk comes in over $250 US per ton with a strong likelihood of 10 million plus tons I think we have at least a $5 to $10 stock. The bulk results come in anywhere near $350 a ton the stock will explode. The downside risk IMO is only in the Bulk results. I have said it before though that unless this is a salt job, from results I have seen from SUF larger diamonds will be seen the larger the sample.

You are right though if this runs to $7 to $10 before the results come out is it worth the risk to hold? And I do think we will reach these levels because tonnage will be calculated and known long before the bulk sample is processed and valued from the winter program. I believe 10 million tons is a given and that 20 should be provable probably by the end of the summer program.

And last we all know what a few hundred meters of kimberlite would do to this stock. This is still a possibility but I believe not finding a pipe will not hurt this stock at this point.

Andy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext