even with TAW having a market cap of 36 million as of today, with some 50 million shares on issue, when they find diamonds (or maybe we should say if, just to be conservative), todays share price could prove to be very cheap.
If anyone has seen the rise of MUL in recent weeks, I think TAW can and will do better than that once they confirm or if they confirm this massive discovery to be carrying significant diamonds.
Do you think TAW will get any indication from drilling that is occuring now, or will they have to wait for the 500 tonne bulk sample to take place before being sure. All the geological evidence I have read seems to suggest a high likelyhood of diamonds.
Mr chisholm even stated that TAW discovery is "seriously exciting" and that "we are talking about a share price of over $10". If you think about it, $10 could actually still be undervalueing this discovery if indeed they can get it to production. Look at OXR, It has a market cap of $622 million for a single mine operation!
Lets hope this daniel discovery lives up to expectations because if so, i think a market cap of $500 million for TAW will be easily surpassed, and that spells a share price of greater than 10 bucks! buy 100000 now, could be $1,000,000 in 18 months time, or it could be $20,000 in 6 months time. That is basically the bet in front of us!
i hold heaps
skippa
TAW Price at posting:
0.0¢ Sentiment: None Disclosure: Held
