CMKX: Morning all!. Mach, Debeer's plea as reported
in that article is a significant read to bring to the board.
With the United States purchasing 55% of the world gem diamonds, Debeer's mining activity will serve to be of importance to them more than ever.
I'm not sure of the exact acreage or claims Debeer's currently owns on the adjacent property of CMKX. Reports have told us 50,000 to 55,000 acres, and I heard reports of anomalies that were low in comparison to CMKX.
What we are sure of is that CMKX owns a large number of claims over land measuring between 1.4 and 1.9 million acres. We are also sure that the magnetic survey done less than 2 months ago showed hundreds of anomalies that were filtered.
The exciting prospect of CMKX to me is in the valuation of the company. Companies that sell products or services, need revenue to allow the market determine their intrinsic value and market value (pps). With CMKX, the value of their claims I believe are being determined in light of the anomalies alone.
Unlike companies which need revenue from their product or service to determine their value, CMKX does have an intrinsic value as we speak. Given the finds in the areas surrounding us over the past 13 years since BPH's initial strike, I would contend geologists, including our geologist Mark Hutchinson, have placed a value on the claims alone in light of Goldak's survey.
If Debeer's is granted access to the US market after decades of being shut out, then guess which claims have just become more valuable to Debeer's?
Be well, Bo
