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!
- Forums
- ASX - By Stock
- Ann: Change of Registry Address
YD there is no realistic answer to your question, diamonds are a...
Featured News
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($) | Vol. | No. |
---|---|---|
11.0¢ | 263122 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65504 | 0.105 |
8 | 1219900 | 0.100 |
1 | 37000 | 0.095 |
2 | 105555 | 0.090 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 262983 | 2 |
0.120 | 39976 | 1 |
0.125 | 12000 | 1 |
0.130 | 2240 | 1 |
0.140 | 19256 | 2 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
BDM (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online