I have been playing the markets for the last 40 years & remember well Gutnick's heydays.
I have posted here before and reiterate that there is NO ONE in Australia more qualified than Gutnick t0 bring the Merlin mine to its maximum potential.
The only question is where will this company be capitalised in 3-6 months and later.
Depending on extent of success, I believe we will be looking at an initial range of $100-200 million (3.5 to 7 cents) with potential to build a billion $ company. Let the short term traders take their quick 60-100% profit. But I am happy to wait for a potential 10 to 50 bagger !
There is no question that there are plenty of diamonds in THEM hills. Gem quality, many different color diamonds.
We are operating in a country with NO sovereign risk.
There are 14 known diamond-bearing kimberlite pipe vents on the Merlin mine lease (MLN 1154). Ashton Mining Ltd and RioTinto Ltd have previously mined ten of the kimberlite pipe vents via nine open pits.
The company has many additional areas that have not been exposed to modern day exploration technologies. How many more diamond bearing pipes are THERE to be found.
The quicker we have substantial SUCCESS and access to MONEY, the quicker Gutnick will unlock the massive potential of this company.
MED Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held