"Australia may host the massive Argyle mine in WA's Kimberley region but frustatingly for shareholders the country has proved a difficult hunting ground."
"The lac of exploration success was reflected in the decision by the worlds largest diamond company De Beers, las=te last year to halve its Australian Tenement holdings after failing to find a viable deposit after more than 30 years trying."
"There are a lot of companies that want to be thereand even with the best intentions they never get there,"Far east Capitals Warick McGrigor said.
"It is a lot harder than trying to find a goldmine."
Kimberley Diamond Company may have endured a turbulent time as investors bailed out of the stock last week amid dixcrepancies between two investor presentations, but it produces diamonds at its prospective Ellendale field, also in WA, where Mr McGrigor said it had only "scratched the surface".
Furthermore the legendary Goblin of the markets has eased peoples concerns on Hotcopper as they wade back in droves....lol
KIM
kimberley diamond company nl.
