Where are the Buyers, page-157

From bbusters article:

http://mozambiqueminingpost.wordpre...es-to-mine-diamonds-in-the-country/#more-2226

'The five-year agreement should provide diamond production worth US$40 million a year.'

From my previous post:

'Aiming for initial through put of 500m3 per day x 40ct = 200ct per day x $2000'ish = $400,000 per day x 7 = $2.8mil per week ?'

That means approx a quarter of my calc based on todays ann, so either price is only $500/ct or they are expecting lower recovery or a bit of both. However based on today's ann, recovery & type 2a's, it seems conservative IMO, especially when plant through put is to be ramped up over next year.

Still US$40/yr is a healthy turn over for a $75Mil MC stock. I understand they get to keep it all until historical exploration expenditure is recouped, is that correct ?