It’s Only A Matter of Time!It is more than likely that based on the geological characteristics (9-13 fluid pulses) found in the discovery hole (421) that the follow up drilling that started this year is just a matter of mechanical drilling which will prove up a significant and rich CRD deposit. Why else would Mark O’Dea go on record via a video interview saying he feels SUNM will become a billion dollar company...every one can do the math on that one ..,$6 per share. That being said, I feel he was, as most smart executives do, being conservative....under promise and over deliver! Time will tell.
In conclusion I just wanted to say that what gives me a high level of confidence that this is true, is the fact he made that prediction well after they revived the results of the down hole EM survey from 421. Mark O’Dea strikes me as a professional who does his homework and one who won’t make frivolous statements that could put him in a negative light. The good news is we are all soon to find out...hang on for the ride!