@Tibbs we all might be disappointed, but the market won’t be. We might think a US$100/ct outcome is terrible, but the market is currently expecting way less than this. Anything over US$15 million in sales will result in a market cap over A$100 million as we shift from being a spec play to a producer with income.
Inventory Valuation and per Carat Estimate for Auctions 1 and 2, page-30
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