Re: Man it is a shame . . .
in response to
by
posted on
Mar 09, 2008 08:08AM
Discuss the various junior resource companies within the McFaulds Lake Area
Canadoggy, you have a good point. The best bet for getting the motherlode is within the Fancamp stakes, given their proximity to Noront DE1. No one is going to argue that.
However, for the investor out there, FNC prices already reflect this as fact in their share price. FNC has seen a SP increase in a direct ratio to what NOT has seen (FNC is 17.5x 52 week low, NOT is 22x). This is without having any news about drill results on the FNC propertie, just map interpretations. From here, the investors can expect their SP to triple or quadruple, should their results be the same as NOT. Not too bad a return, for certain.
On the other hand, SPQ and FWR are now respectively trading at about 5 and 3 times their 52 week low. If they hit results about the same as NOT, their SP will shoot 20-25 times current (up to $2 - $4 range), just on their initial news of findings. Now that is a beautiful return, and the beach at Punta Cana you are relaxing on could be mine :)
Of course, all of McFauld's prices are going to go nuts on good SPQ drilling news, as it will show just how massive the mineral pool is over an increased area (I think factor a doubling to already established multipliers above for NOT & FNC). There really is no point in saying that one stock is better than another, but the potential multiplier of current SP does lie with the stocks that are not currently affected by DE1&DE2 finds, if the drill results are good. This would be SPQ, FWR and KWG.
This is my opinion and conjecture only. We can only await the drill results. Waiting for drilling results can be so BORing ;)