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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by burbonstreeton Sep 26, 2011 6:54pm
198 Views
Post# 19086046

After the comic relief, the hard facts

After the comic relief, the hard factsAs per the presentation and press releases, Here's a couple:1- EPL 3403, 3 deposits discovered with 2 hosting diamonds of the same size and quality then the adjacent Atlantic One operated by De Beers. Average size over 0.50 carats per stones. This means strong economics.2- Haib spin off: The value of the shares dividend out to shareholders will be conservatively priced at $ 15 million, which is higher than the current market cap. For a project that nobody was talking about until the press release one month ago, this is quite good. And don't tell me that the market aready values this one in Afri-Can because until one month ago this project was not under the loupe and AFA was trading higher. This means that you can buy a share at $ 0.05 and that you will get a dividend with a value over $ 0.05 per share of AFA. Where else can you find this?3- For sure, you don't have any knowledge about mining exploration because as far as I am concerned $ 300,000 is more than enough to carry out a geophysical survey.These are hard facts.
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