BDM 0.00% 10.5¢ burgundy diamond mines limited

YD there is no realistic answer to your question, diamonds are a...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,012 Posts.
    lightbulb Created with Sketch. 284
    YD there is no realistic answer to your question, diamonds are a difficult commodity to deal with and understand.
    Exploration is fraught with difficulties.
    Unlike gold you can't just go on volume grade as diamond valuation within pipes plays a huge roll, Argyle was successful at $25/ct as it was a large pipe with high grade, most pipes are uneconomic below $50/ct. The avg price is around $120/ct some go as high as $1500/ct.

    The Ellendale alluvials may prove uneconomic, though I would suggest this is unlikely. The diamond pipes may not get back to production?
    Canada may be a bust economically and they may find nothing in Botswana. Downstream marketing may not work.

    Back a company that has diamond related skill-set particularly mining/exploration.
    Look at the location of exploration, some areas are more conducive.
    Usually you want more than one exploration option as you will get more misses than hits.
    If you get a hit it can be highly profitable.
    Bit of luck helps!
 
watchlist Created with Sketch. Add BDM (ASX) to my watchlist
(20min delay)
Last
10.5¢
Change
0.000(0.00%)
Mkt cap ! $149.2M
Open High Low Value Volume
11.0¢ 11.0¢ 10.5¢ $279.0K 2.566M

Buyers (Bids)

No. Vol. Price($)
2 65504 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 263122 3
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
BDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.