Spec share is always a guessing game. The company said they would have 7.2M carats in ground. Planned to produce 0.3M a year, with operating margin roughly A$46M a year. With 22 years of production that turns to operating margin of $1,012M, which equates to in excess of $8 per share. To believe in uncle Joe's big plan is one's own choice. I firmly do, unless all the figures that the company provides were fade. My research showed uncle Joe had put $11.5M for his stake, and whereas Attara and Sino put $13.66M altogether, which proved a lot of faith in uncle Joe than any of us.
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