RE: 3403Another pointless post....
You have a sense of stating the obvious…
For every Junior Exploration Company listed on the TSX and TSX-V, there is therisk of not finding an economical deposit...
So if this is a risk that worries you, then let me ask:
Why are you investing in junior exploration corporation?
This is why investments and fund raising are done in stage. So that as each milestones arereach, the project overall risk profile goes down...
But it’s only once a project is in production that the risk profile goes downto zero...
As per AFA EPL 3403, the project as past at least three critical milestones, sothe risk profile is lowers now.
There is only three more stage before we know if the risk profileof the project is almost nothing. The geophysical survey, the resourcedelineation samples and trial mining stage…
All this should be done during the next 8 to 12 months…
So the real question is, is the risk reward profile of investingin AFA at these levels good, and my answer is yes…
We have one analyst report that crouched the numbers, andthat base on the information available from the project, came up with avaluation of 26 C per shares…. Without any value given to the Haib Teckproject…
So with AFA trading around 6C and a potential minimum valueof 26 C plus the value of the Haib project, I feel very comfortable with myinvestment in AFA…
And many serious investors must agree, because in a verythough market, AFA as been able to raise over 3 Millions dollars in the last 6months…
One last question, what are you babbling about ‘Namibia as apartner the 3403 is not a priority in Namibia”
That makes no rime or reason…