The MGJ in Greenland is at the southern tip., a few years back.,
there was a press release., they felt that many small lakes held kimberlite potential., three or four hundred samples were sent to S.
Africa for processing., many delays in their processing., most of the
package for Aber., Platinova., Major General was obtained from
Quadrant., an Aussie company., which originally staked a good portion of the existing claim blocks. Major found some indicator minerals on the package in S. Greenland., not much however was
reported in G-9., G-10 area that I recall., more than likely Major being
cash poor is waiting to JV the property. If some positive developements occur on any of the JV properties of Platinova., Aber.,
then the chances are better to JV Majors claims. I first bought Major
several years back., for their diamond claims., Misty lake to be exact.,
always felt they had a well balanced package., the problem is the
newsletter writers shunned them., some felt that the property package
in Greenland was split and the best areas spun into Fdordland Minerals., who share some of the same principals. Historically Bob
Bishop made the statement for his followers to sell Winspear and buy
Platinova., and he reduced Major Generals chances to nil., by issuing
the statement "eliminate Major General from the universe., I have
and suggest you do the same." or words to that effect. Since then
Major has delineated 5 pipes along with DeBeers on Victoria Island.
In this enviroment as Teevee explains., it is " show me the money
mentality". Readers of this forum have best profited from the niche
enviroment created by the select few companies mining or developing
big rock deposit., the best gains thus far in a weak market has been
from those stocks., which can show where Teevee commented lies
90% of the value. It is difficult to extract much information on stocks
JV with DeBeers., it is sort of like we made the deal., and lets let
DeBeers dictate the terms of news releases., maybe that is an oversimplification., but IMO it has affected the share prices of Mountain Province., and others that have tied the knot with DeBeers.
This image was created when people felt that Kennington Resources
was getting the short end of the stick with their DeBeers association.,
it is unjustified., because in reality., it was Kennington that backed into the agreement with DeBeers in Sasketewaan., after some primary
targets had been drilled. Thats not a secret in the market., those following that story knew it some time back., in regards to Platinova.,
they are probably a fine company., I sort of quit following the story.,
when B.Bishop advised his followers to sell Winspear to buy Platinova., at that point in time., Platinova was pulled off the list.
Cant really blame Bishop at the time., Greenland was a brand new
play with all the majors., DeBeers., Aber., Diamet., what was evident
however was his promotion of Greenland based on a few diamonds.,
and dyke system that was apparent. No pipes were ever detected
before he issued his sell on Winspear. Those shareholders that obliged his wish are paying dearly., but that is the nature of the game.,
you pay your money and take your chances. It does put a smile on
my face to see that Major has found some pipes., and I wish them well. Platinova if one wants to play in Greenland
is probably well positioned as anyone there., they have a large land
package., some key JV with the majors., and a zinc deposit., they
do seem to have some key ties with the Greenland government.
Hope this helps
Sincerely
George J. Tromp |
