re: about to run...timetraveller defabstar
I'll agree TimeTravellers unsupported and numerous empty claims are annoying. Perhaps he is echoing 'associates by circumstance' who are far cleverer than he is and is incapable of underatnding and so passing on the reasons they espouse. However imho KIM is a sound investment with huge upside potential.
The reason for costs exceeding revenues relates to the progressive scaling up of the project. The resource is huge compared to the throughput of the first stage of the plant and KIM keeps turning up more and more resource. Prices achieved for KIM diamonds are at the top end. Sales of Ellendale diamonds have realised prices considerably higher than valuations used in the feasibility study.
Take away the money going into expansions and I think you will find a very profitable business with enormous growth potential.
KIM
kimberley diamond company nl.
