"This tells us that the model makes sense and that this is...

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aries123

1,939 Posts.

19/10/15

14:24

Post #: 16205327
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Originally posted by copperroad ↑

It will work something like this..The company will need to do 2-3 months of continuous bulk sampling over a decent area as diamonds don't just lay there in perfect sequence. The area will produce good numbers and then it will lighten off and so on. MUS has really only just started a larger bulk sampling program, so give it time. What is showing up? High quality gem stones across a wild area at and near surface in every pit. This tells us that the model makes sense and that this is stacking up as a new diamond province of some scale. Don't forget, mining costs are min for this sort of mining.
MUS has not done enough work to find a 'run' as yet, so watch this explode on finding one of those. The chances are basically a no brainer imo, because the massive river system has dumped endless stones from over 20 diamond fields and pipes from upstream. It will only be a matter of time before they find what everyone wants. No one knows if this is the best or worst part of the lease, they only know that diamonds are already being found. Good quality alluvial diamonds can be worth astro bucks (LOM are approx $4400 per carat), you don't actually need many per ton to start making a real money when mining costs are extremely low. That 87ton excavator would have dropped the mining costs through the floor. dyor.

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"This tells us that the model makes sense and that this is stacking up as a new diamond province of some scale."

I dont think 25 cts of Diamonds tell us this.

However it is worth keeping an eye on.

MUS Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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"This tells us that the model makes sense and that this is...

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