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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: Silver Super Bull who wrote (6690)2/17/2005 10:28:57 AM
From: seventh_son  Respond to of 18308
 
Thanks... you can follow the news on the stock on the True North Gems board ( Subject 53494 )and get a lot of other information from their website -- truenorthgems.com . I think that people are cautious to get into the stock or write about it because coloured gemstones are such a new and different thing, and as such time-consuming to understand and follow. The stock price will change a lot when a newletter writer finally gets behind it.

Analyzing TGX is complicated, but it is apparent to me that it is cheap at these prices, and perhaps extremely cheap. This year we will be getting a lot of gemstone valuations and tonnage and grade measurements that will help justify firm numbers for the stock price, and once the final proof is in there is a good chance that a company like Aber or Tiffany's will become joint partners or buy them out. The sapphires might already have them close to that point, since they clearly have some of the finest quality. The biggest risk for TGX is that they will be totally ignored and not get the cash they need to develop properties that are almost certainly economic.