TSX:SRU.UN - Post by User
Comment by
Cdn_clipperon Oct 29, 2001 1:01am
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Post# 4342998
RE: Timeline
RE: Timeline
If the forthcoming news is as good as is rumoured, the intrinsic value of the stock easily exceeds $5.00 (CAD). The problem with this stock is that it is widely held and offers pretty good liquidity. There appeared to be strong accumulation on Thursday, but the day traders revealed themselves on Friday and caused the fall back. The stock needs people waiting on the sidelines to go into a strong accumulation phase with the intent of holding out for the ultimate payout. At that point, the supply of these low price shares will dry up and we will win the "argument with the ticker". The we will see prices converge or surpass Starfield's intrinsic value based upon proven reserves.
I doubt the hold period is 2 - 3 years. New zones and good assays from a revisit of cores already drilled is probably all the market needs since the correlation of those results with the UTEM will add credibility to probable reserves on those holes yet to be drilled.
I'm in it for the long haul.
CC