Main take away for those who still think this is a mining company
Peter opened by saying this is not a mining company it is a luxury goods company. Sale of the diamonds and polishing is where 90% of the margin in the diamond industry is. Mining our own diamonds is a nice add on but the real value here is our ability to cut stones and market them to high net worth individuals.
Polishing facility staffing is going to double so that output can increase
15 mil in current stock, sale value should be minimum 2 times but up to 5 times.
No further raises expected and plan is to keep to their promise of the last capital raise been the last. Only exception will be if they have an acquisition they want to make, company will be self funded moving forward.
next quarterly will have rev on the books.
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