To: Claude Cormier who wrote (1198 ) 4/26/1999 12:00:00 PM From: whisky Read Replies (1) | Respond to
Claude Debating concepts on the thread is always very useful, when it's constructive. Points saying SWG price doesn't reflect any value from CNB is as correct, as saying CNB value doesn't reflect it's current price. Both are undervalued based on the scope of development and activity level of these projects. Both have multiple operations ongoing on virtually all of the projects. At this point based on the share prices, neither of the 4 companies are reflecting the true interinsic value of their projects in terms of opportunity, development and appreciation of their current exploration activity that is ongoing at this point. The market is slowly waking up to this point in CNB because it has shown the biggest developments in terms of the 3 comments above over the short term. SWG hasn't put out a release on any of their major projects in months, likely because of the majors involved, who tend to be close lipped. SUF and Kennicott are much more shareholder friendly on updates and keeping investors up to date on their projects. SWG partners are not, this includes Teck, cominco, RTZ and the others. This will change very shortly. Remember the very first major JV SWG ever did since they became publicly listed was on the canabrava project in Brazil. That was their primary focus from day one, and I don't think that has changed one bit even today. They understand very well the state of the resource markets and where their opportunity for increased shareholder value and opportunity is, it's in the diamonds. That's why they got DR. MOORE to head up the projects 2 years ago. Because the golds and othere precious metals are not going to create the desired interest necessary for increased shareholder value. Strap on your seat belt guys, a technical analysis of all the projects and what they have found to date is coming this week. Things will become a lot more clearer what Rory has found to interest SUF and Kennicott to spend 50 million dollars over the next 7 years or sooner, as the JV agreement states. In other words when the prove up an economic pipe over the next year. In the annual report of SWG, which I hope you read, as you say your a shareholder, clearly states that there plan is to bulk sample several of the selected pipes in Both Brazil and Ontario THIS YEAR.
