Ann: Transformational acquisition of the Ekati Diamond Mine, page-76

You could be right. My original calc was 30c raise (purely as it was the current price, not reading into anything else).

But not too long to wait. The reality is we'll all probably be wrong! Haha. But it's good banter.

Re Lucara, I'll have to take your word on that. 2 x EBITDA seems very low (not doubting you though). Maybe that's just how diamond producers are priced on markets. Lucara only sell rough stones though?

I wonder about the downstream processing segment and how much additional benefit (if any) this will be given. Locking in the extra margins for the high quality stones is something to consider, albeit I don't know what that might mean $ wise or whether it's even significantly material.

Cheers