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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (1498)10/31/2003 7:38:59 AM
From: james flannigan  Respond to of 16214
 
Red, Some investors can't seem to see the diamonds for the dirt.If MPV were to hit Kaisers target in one year,that would equal a 194% compounded return.Ill gladly take that.Most other diamond stocks carry far greater risk than MPV.They have proven ore reserves,that is not going to get up and walk away.Also MPV investors are carried to production,therefore no need to take risk of not finding financing for mine production.Lets put the facts strait,were are you going to find a company with proven reserves with for better or worse,a major willing to spend already over $50 million as well as possibly another $30 million in the next few months on a project that will in the end create value for all shareholders.Answer, no other Diamond project in Canada is at such an advanced stage.And if Debeers is stupid enough not to buy us out,then the stock could reach $15 in the next few years,thers your 10 bagger. Have a good day James