RE: So is it time to place the betsMy guess is that we close at 23 today, 25.5 tomorrow and 62 by Friday (assuming there's the news this week that we've all been patiently waiting for). What the hell, go big or go home, right?
This is my 3rd largest holding and to see it finally start to move with heavy volume in anticipation of our resource estimate makes me quite giddy, indeed. Diamonds are in very high demand with production shortfalls and we could be sitting on a very nice find that will most definitely draw the attention of our prominent neighbour (deBeers). Millions of carats is equivalent to millions of ounces of gold, so if they bust out with a 4-7 million carat estimation, expect us to go bananas (1 carat = $600).
I'm also excited about this for a friend who has a MONSTER holding of AFA and could enter the ranks of the nouveau rich on this stock alone. Early DD coupled with a strong hunch can be a beautiful thing when it all works out.
The Fever