Faraday 2As i said here in the last paragraph of this post back on may 22, the next holes at Faraday 2 would be scissor holes in order to determine the trajectory of the Faraday 2 pipe.
https://www.stockhouse.com/companies/bullboard/v.kdi/kennady-diamonds-inc/2?postid=23756717
Those holes were released as expected today and did not dissapoint. The structure is growing in size just as Kelvin did following its first bend.
https://www.kennadydiamonds.com/media/faraday_2_section.pdf
So now the fun starts. The company has the trajectory of the pipe and will start adding significant tonnes with each new hole.
To the comments below which are truly asinine, Aber did not peak until well after the deposit had been defined, grade determined and value of diamonds were known. Wisdomwithage's above level of ignorance is hilarious. Those who know me know I nailed Virginia, Canplats, Aurelian, Ventanna amongst others. These, as i believe Kennaday is, are typical of world class discoveries in that major finds are normally bought out by Majors. That is the game and if you don't understand that very simplistic fact you have no business investing in this space.
I owned Diamet, Aber and at times everything from Southerera to kettle river back in the 90's. Everything changed in 96 when Bre-x happened and the tech boom started. Resource stocks which is my game got killed right across the board. So yes Aber suffered, show me a major or jr that didn't during that period.
The fact is that PatricK Evans hopes to have Kennady reacquired by Mountain Province after the maiden 43-101 is published by Kennady. He has said so publicly and on the record. So the most likely outcome here is just like any other of the major dicoveries made in the past 10 years, a buyout.
So matey, pay attention and maybe you will learn something worthwhile that you can pass on to folks.
Next week we should get some serious tonnes added at Faraday 2, followed by a very high diamond count from the kelvin NW lobe, followed by more and more tonnes from Faraday and then the first tonne diamond count from Faraday 2. Show me another company with the possible catalysts that we have here. If you find one, load the boat.
GLTA,
Buck