The company will never find a commercial pipe, as to do that in regards to pipes that shed high average carats of type 2a diamonds compared to others types, the volume of samples tested, and depths needed to test, would cost tens to hundreds of millions of dollars to do it properly.
Buying the Merlin mine was a big mistake, when if the company had just kept Lulo from the start, the share price would be a lot higher.
So enjoy the rise while it lasts.
Ann: Quarterly Activities Report, page-25
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