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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by scorpio40on Sep 30, 2002 9:43am
70 Views
Post# 5472137

RE: Predictions

RE: PredictionsRe-read the following paragraph taken from their press release regarding the sampling. "Feature #8 stands at 125 m below sea level and is a paleo-surf zone feature that extends over an area of 11.7 million sq. m, of which 2 million sq. m have been proven to carry weakly-cemented diamondiferous conglomerate called "gravel waves". Afri-Can is the first company after Namdeb to discover a "gravel waves" deposit. From its "gravel waves" deposit, Namdeb is currently mining about 600,000 carats of gem quality diamonds per year." Without even taking into account their other concessions and just based on block J can anyone out there not view AFA as a screaming "BUY" As for a prediction of the stock price, i try not to count my chickens before the hatch, but my portfolio is quite comfortable with Jennings Capital's target of 1.50
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