TSX:SRU.UN - Post by User
Comment by
Cdn_clipperon Jan 02, 2002 11:20pm
721 Views
Post# 4581704
RE: Want an indication of how many people are
RE: Want an indication of how many people are
It seems very probable that the company will easily surpass 20 million tons in the "high grade - over 2%" category. Even at the current dismal commodity prices, the high grade reserves support a fully discounted price of at least $5.00 (CAD) and this is ignoring the tantilizing recent PGM indications.
The high grade reserves pay for the infrastructure costs; anything over and above should be a high payout bonus. Will you be able to hold beyond $2.00, let alone $5.00 or even higher before you blink?
The waiting is hard to take, but SRU appears to be much closer to making the very substancial discoveries that will drive the stock into the stratosphere. I don't perceive a lot of downside risk in this play at current levels, so I've parked my anxieties and will patiently wait through the next 6 months. I am optomistic that patience will be rewarded.