There is no doubt that people want in on this story. Not much news around about it but people who follow the stock are getting excited. It could be a massive find and given it's a tightly held stock I can't imagine what the price would do if they find diamonds. The volume is huge, 7km long, 2km wide and 100m deep of diamond bearing gravels. All we need to know is the grade... a good grade will see a huge run on the stock. $10 isn't out of the question.
Keep in mind although TAW will get up to 40% BHP is likely to buy back 10% leaving TAW with 30%. Still a very decent stake in what could be a massive mine.
Downside is around 50% but the recent buying bodes well. Could rise quite a bit more before results are released. I'm expecting an announcement somewhere in the next 4 weeks. This stock could be suspended at any time where an announcement will be released.
$10 here we come!
TAW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
