Hello Claude,
SUF has already hit several dykes in the NWT over the years. In their judgement, these are not economic due to the costs and production problems. As I write this, production from the Leopard dyke/fissure is beginning in RSA. So it would seem that SUF has god knowledge of these types of deposits, but is unlikely to count these, or future NWT dykes, for production potential, unless, as Vaughn would say, 1 carat diamonds fall out of the drill core.
(Only WSP seems to think dykes in the NWT can be economic. Pray for these shareholders that grade holds up in their bulk sample, because value per carat will surely come down.)
I'd also agree with Gord that not much has been hit up north. There has been much speculation on many threads and message boards that SUF and partners KLA/IAR/CAV/TQY/MIY etc. have hit "a big one". If so, it would be material and have been released. I'd suggest that anyone thinking news blackout or whatever call SUF and ask them. Think back to a period five years ago when Kennecott had a news blackout for Tli Kwi Cho. The results and the news were disastrous to all shareholders. SUF merely wants drilling speculation to cease, so that unreasonable expectations do not get built into the shares prices of any of the involved companies. But don't listen to me, call SUF!
I've heard that CJ will be returning from RSA next week. Perhaps news/updates will be forthcoming. I'd be surprised if their wasn't some type of action plan from SUF to put some life back into the sagging shares. If only the silly sellers would back off a bit, like yesterday morning, and let the stock run up a bit...
Regards,
Confluence |
