Your discussion GWhat if the valuations come in around the 125 dollar mark - I don't see it being much higher than that in a down diamond market that continues to go south. If they come in at that price, what effect do you think it will have on the share price? It will remain pretty much flat as pi$$ on a plate IMO. Valuation wont make it past 100 bucs, bort bort bort, share price falls to a nickle or less, next financing at 2.5 cents or less.
What happens after the Preliminary Economic Assesment, how do we advance this stock if no partner comes up to bat. That will really be the only way this moves ahead without even more dilution IMO. PEA will be delayed because 7 values will fall short, they need more diamonds, next financing at 2.5 cents.
What about a 10 to 1 roll back, anyone see that coming, or something like that? That is one way marginal stocks reduce dilution, I have never seen it work though, value continues to erode afterward in my experience. This is a real possibility, I do not like it, but could it happen? Expect a roll back only if they decide to look for more diamonds, then you are 100% correct, value will tank again. Next financing without a roll back 2.5 cents, with a 10 to 1 roll back, a dime.
What if CH7, being critical to any mine plan, and I agree with oiltar on this statement, isn't enough to make this economical with CH6, where do we go from there. At this point I think the brothers will have limited opportunities to sell a PEA to a major because of the dissapointing CH7 news - admit it - most longs thought it would be much better and thought KIM 5 would be a darling. 7 is critical for a mine plan, that is why the PEA will be delayed, they need more diamonds and every long here thought the KIM 5 would be a whopper, next financing at 2.5 cents
Share price after valuation - best guess 10-12 cents, worse case a nickle, 2.5 cents, see my other remarks
Share price after PEA - best guess 10-20 cents, worse case, close up shop. PEA will be delayed, could shut it down, then see oiltars post at SI, all the longs will have nothing.
Really not a whole bunch for an old long to look forward to IMO. Ahhhhh, now you understand. You should sell while you still can.