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[QUOTE]Originally posted by PAUL: [QB] Roy, Is there anything that could happen that might cause your opinions about this stock to change? It seems that the biggest beef has been that they give a PR about future events that do not come to pass. Well this PR today was not that way. They claim to be drilling today. Two days earlier than expected. Would it be a violation of law to release a PR that contains outright lies? I for one do NOT consider a forward looking statement that does not come to pass as a lie. No matter how consistent the record for failure may be. However if they are NOT drilling today, this would clearly be a lie. You make note in your post that now TWO of you have not found anything. How large is this area that the drill is to be in? Have you tried to find it recently or are you refering to the research you did some time back? If / when proof is found that they are doing what they say they are doing. How do you think the price of the stock might be affected? I hope all is well with you and look forward to your reply. PAUL [QUOTE]Originally posted by microdaytrader: [b]SO NOW TWO OF US HAVE NOT FOUND ANYTHING ROY SGF Company Snapshot BullBoards Member Forums My BullBoards All Forum Search Jump to SGF Forum SUBJECT: DSEL's analysis Posted By: cornewatcher Post Time: 3/15/04 14:44 « Previous Message Next Message » Coastal - in my view DSEL's work is spot on - almost too good and I have been working on the assumption that he is an insider with one of the companies that are in the area and that he was worked on the details for them. I suppose the worst outcome from the sampling is that it still leaves us hanging with a valuation and grade projections that leave us in the US$12 to US$15 / tonne mark. That could still leave a margin of between US$3 and US$6 per tonne on half a billion tonnes at 60,000 tpd - or an 8 to 4 year payback. Not enough to commit US$500 million (or thereabouts). Therefore more work to try and get higher confidence in an economic model and no frenzy for the stock. A valuation of less than US$10 per tonne would kill the area for most and let DeBeers cherry pick. A US$20 per tonne valuation would spark a degree of interest in SGF and the mining sector that we haven't seen for a long time (Arequipa?). As I was told at the PDAC - the reason for the last financing was to give some breathing space in case the outcome was either of the first two scenarios. My own thoughts - I think we will see a C$5 stock price before we see valuations, or a 150% gain from here in less than 6 months helped by some good sized stones from 5 releases on recoveries. Beyond that, I want to believe in something along DSEL's numbers. Just have to be patient. Had a drive around yesterday to see if I could spot the CMKX rigg(sic) - I must have been in the wrong location as I found nothing. Another figment of Urban's imagination? [/b][/QUOTE] [/QB][/QUOTE]
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