According to KDL.
https://www.asx.com.au/asxpdf/20150401/pdf/42xnls7lt54nkf.pdf
There were most likely 1.2million tonnes of ore grading 9.4cpht on the ROM pad at E4, valued at $280 ct AUD (April 2015.).
They started processing this in May/June 2015 at 12600tonnes per day for roughly 60day before receivership = roughly 450000 tonnes left on the E4 pad minimum = $11.8million in diamonds.
They didn't start processing the E9 lights so there is 11.23million tonnes in the E9 lights stockpile grading 1.1cpht BUT worth $1430 ct AUD in 2015 = $177million$$ of diamonds
A total of 188.6 million in diamonds already mine sitting wait to be processed on GIB's Ellendale Mining lease applications.
Note prices per ct have been convert from USD to AUD.
And that is before considering the value of all the high grade alluvials. KDL started mining the Northern E9 alluvials just before receivership.
And our mcap is $8million, seems stupidly undervalued to me.
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