Snowfield Development Corp. SWFCF

Bio

[marketminer]

I think what happened with SRM is the market was expecting to see a multy ct diamond.. The sample was only 17 tones so that expectation was a bit too high... Had they taken 200 tones they would likely have achieved the market expectations... The grade was good and the diamonds clear... I think SRM is a buy right now. This is the problem with taking too small a sample as the markets expectations are too high... For example look at SGF and the total amount of kim they have processes... what has happened there is the market views the large diamonds being found as representitive without keeping in context the sample size... A big diamond no mater from whatever sample size gets market attention and a robust valueation. Lets hope that 500 tones @ SNO will result in some large diamonds being found, if so the $2.00 price tag will be easily atainable and likely much higher... Location and minimal overburden being attractive considerations. A second kimberlite structure would add fuel to the share price. The shorts had better keep their powder very dry in event the stock is at some time halted on news and gaps up... The max any shorter can make is the stock price, if it goes to zero, and likely less that 50%.... he has multiples of that at risk... shorting pennies is just about as dumb as it gets... but heck guys short away!