Did you read the announcement properly?
The majority of rough diamonds that Burgundy will produce will be sold to third parties who will cut, polish
and on-sell themselves. Burgundy will only utilise their facilities in Perth for select diamonds, where it can
see significant value uplift.
Yes the cutting and polishing facility will add some value, but not as much as you seem to believe....IMO
I'll take the current $494 million in revenue currently being achieved by Ekati over whatever they manage to sell in the value add.
Ann: Transformational acquisition of the Ekati Diamond Mine, page-48
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