Brazilian DealThe main reason to own this stock is the Brazilian property. Look for the stock to really move in the coming months based on drilling news from Brazil. All Fipke has to do is find which pipe the diamonds came from. The pipes are already known to exist (16 pipes and 40 more pipe targets).
The Wawa property is a bonus. Good results are coming out and the area is active, but they are still in the phase of finding the pipes.
The big markets were extremely weak today. A healthy market would have responded far better to the Wawa news.
tk