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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by Oro_Fanon Aug 18, 2011 6:21pm
181 Views
Post# 18958089

Wise guy

Wise guy Wise-Guy,You are very dishonest with Le Gagneur. Recently, he has provided very interesting information on this board and this information was going far over AFA as he also shared information he founded about the general markets.Your description of a pumper does not fit at all with a pumper. I have not seen any where that he was urging to buy the stock. He only provided information that he found and gave the source, one of which was coming from the President of the corporation. So please, before chasing everyone to be pumpers, read the posts and make a reflection in order to see if it fits your description of a pumper. In the case of Le Gagneur, it is clear that Le gagneur posts do not fit your description.Instead of yelling at Le Gagneur, you should try to find if is valuation makes sense. The web site of Afri-Can provide all the information needed starting with a 43-101 report on the copper project.I read it and this is clear that the property host historical resources of about 4 billion pounds of copper. Remember also that the resource has been originally develop by Rio Tinto in the 1970's, so it is certainly bona fide. With this information, anyone can make all type of valuation but one thing for sure is that it worth a lot of cash. In my view, I can at least take the claim of the President, reported by Le Gagneur, that states that Afri-Can shareholders will receive 15% of the project, and that 15% of 4 billion pounds equals 600 million pounds of copper for Afri-Can's shareholders.This means that every shares of Afri-Can will get the equivalence of 2.55 pounds of copper. This being said, one cannot take 2.55 pounds and multiply by $ 4.00 (the value of copper per pound) because the copper is still in the ground and is low grade. I don't know how to evaluate copper in the ground but one way or the other this is a very high value. The above is not pumping and is not freaking information serving to push the price. This is bona fide information that is available on the web site of the company and contained in a bona fide 43-101 report approved by the Authorities.So, next time. before jumping at anyone's throat, just validate the information or bug off.If you are for real, you should apologize for your light remarks about Le Gagneur
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