musings

Some rough-and-ready calculations - open to correction.

1. Long mine life

2. At $170/carat, 400000 c/y, from 6 m t/y at $12.50 cost/t : earnings $62 million after costs per year

3. With cap of $270 m, less than 5:1 P:E.

4. Debt down to $20 m.

Have I missed anything?

Note no idea of other costs - could be highish?