I guess it depends on your time frame and objectives, I own Aber because it is a world class diamond project, which will be producing robust numbers, last time I conversed with Aber, the vehicle of choice will be an equity financing until it is announced, it is speculation. I view it undervalued in current terms, but will review it when the the final numbers are presented and optimized. I guess if you look at
Diavik and Ekati, the market is ascribing a value to Ekati, inspite of the fact that the first 300mil in revenue due Diamet will be paid back to BHP as part of the financing cost. I really see no valuation differnece at this time providing an equity offering unfolds. I would suggest you monitor Ekati, PE ratios and make you own decision.
I always look for bargins in Aber and it serves my longterm objectives
well
Sincerely
George J. Tromp
Crown Jewel Report
Crown Jewel performance update
Rex Diamond: Called at 1.00C, .93C, .65C, current price 3.10C High
3.50C
Namibian Minerals Called at 1.60C, current price 4.65C High 5.25C
Aber Resources Called at 8.00C current price 11.00C
Major General Resources Called at. 26C High .46C current .30C
Winspear Resources Called .65C, 1.35C 3.35C, below 3.00C
Mountain Province Mining Called at 2.00C High 3.25 current 2.30C
Best performers to date
Rex Diamond RXD T
Namibian Minerals NMR
Diamond Fields International DFI
Sometimes Andrew the market works in mysterious ways |
