What gives me confidence is that they have already found kimberlitic garnets in the gravels. There is the smoking gun that is good enough for me. The real issue is what grade per tonne will show up. I am comfortable that the news will only be either good, very good, exceptional or unbelievably good with a corresponding share price of $2.00, $3.50, $4.50 or $7.00 or thereabouts. Worst case scenario they find no diamonds and see the price back to 30c - 50c.
TAW Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held