40 mil spent on concession market cap 23 mil , page-5

Still holding all shares purchased at a average of 0.028 cents,unfortunatly no money to average down at the moment.
The book value of this company is about 0.012 cents taking into account the 40 million spent and diamonds waiting to be sold.
A mining licence or kimberlite licence renewal should see at least a market cap at book value.
The upside is huge just on the fact that the company is trading well below book value.
This company is owed 40 million dollars by the lulo joint venture and another 2.8 million has been spent from diamond sales plus about another 2 to 3 million to come from diamond sales,thats a value of at least 45 million for the lulo concession to date.