RE: Undervalued and oversoldThis is the reason:
They have spent $1,096,938 USD on Airborne Magnetic and TEM Survey.
If there was no promise of diamonds they would NOT spend that much cash on that survey. So right now they have identified potential diamond bearing kimberlite bodies in preparation for drill testing.
"Initial processing of the geophysical data IDENTIFIED 29 HIGH PRIORITY KIMBERLITE TARGETS WHICH EXHIBITED BOTH MAGNETIC AND CONDUCTIVE RESPONSE. The targets range is size from 40 to 300 meters in diameter. Geophysical processing will begin to identify and refine potential individual kimberlitic target characteristics."
"Negotiations are underway with area drilling companies to mobilize two core drill rigs to the property and commence drill testing high priority kimberlite targets. Drilling is expected to start in the middle of August."