Yesterdays release (90 Mt with 5.61 Mct = A$869 M) is misleading is it not? By KIM's earlier releases Ellendale 4 & Ellendale Satellite are not resources: at A$8/t mining and processing it costs more to get the shiny rocks out than they are worth for a combined loss of A$68 M ie the lamproites here are rock - not ore
Ellendale 9 is a resource however using the same methodology with a positive position of A$214 M.
I have no argument with the blue sky but it is misleading to include Ellendale 4 asa resource at this stage - or have I got it completely wrong?
Cheers
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kimberley diamond company nl.
resource statement - please explain
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