GREY:PGDIF - Post by User
Post by
Silverwhereon Dec 23, 2016 4:09pm
127 Views
Post# 25641427
in 16 marvellously short months!
in 16 marvellously short months!
As we await Santa, here are all 3 Diamond Fields summary sheets for your viewing pleasure & careful consideration:
https://www.visualcapitalist.com/the-story-of-voiseys-bay-the-discovery-1-of-3/
https://www.visualcapitalist.com/the-story-of-voiseys-bay-the-auction-part-2-of-3/
https://www.visualcapitalist.com/the-story-of-voiseys-bay-todays-mine-part-3-of-3/
So, the numero uno PGD question is: can these Diamond Fields “BIG money” numbers ever repeat? Well, history does rhyme on occasion for the Friedland explorers-extraordinaire (think Ivanhoe Mongolia, Ivanhoe Africa)...
Those historic Diamond Fields numbers again:
$4.65 per share stock price (November 1994)
$174 per share final sale price (March 26, 1996)
That equates to 36.419 times your money or 3,641.9%
Note that this incredible price rise occurred in 16 marvellously short months!
For shits and giggles, let’s say PGD follows suit: today’s $0.20 stock price would become $7.48 per share in 16 months.
Not possible? Well, refer to historical facts; links above. It most definitely IS possible.
Now, getting to the 50 (55 CDN) yard line of that precedent-setting run gets you to a comfortable $3.74 per PGD share.
A measly one quarter of the diamond Fields performance snags you a very respectable $1.87 per PGD share.
Eric and Robert Friedland are “set the bar high” kind of guys. So how high will PGD go? You decide for yourself. Be mindful of this though: overlooking historic facts (about one’s jockeys) is foolhardy at best.
Can things go wrong? Absolutely! Look, this is exploration, development, and (hopefully) eventual mining. What could possibly go wrong?...
But try to look beyond the horizon – as true explorers do, and have no fear, this vast land of opportunity will bear fruit. Patience WILL be rewarded. All this short-term fretting is just noise.
And yes, by all means, do as Warren Buffett does >>> BUY this unloved, out of favor PGD stock. You can never have too much of a good thing.
Happy Hanukkah F Bros!