Hello gemsearcher,
I'm very much hoping for a hit up north, but as Vaughn speaks of "odds", I think the odds of hitting a pipe are good, but the odds of it being economic are much less. So a pipe will rocket CAV, TQY and MIY because hope of a mine is way better than nothing, but it will have a smaller (still positive) effect on SUF because SUF already has a pipe in lac de Gras, potential pipes at Marsfontein, anomalies that may be pipes on Klipspringer, potential pipes and alluvial finds in Brazil, and the world's largest pipe in Angola.
So what will preliminary positive results at Yamba do? I hope that great volumes might overcome the selling pressure of the last few months, but I see it as more likely to come from analyst upgrades of SUF because of the Messina deal.
As to an SUF listing in another land, my first choice would be the Nasdaq or Amex market, but with SUF's purchase of a publicly traded company (MES on the JSE), interesting options might come forward. I believe their are some restrictions about foreign listed securities trading in RSA, but that is all I know.
Regards,
Confluence
PS Is Pierre Berton that white haired guy that was always writing/talking while I was watching and playing hockey, trying to be like Gretzky? ;-) |
