Very different scale, Argyle produced between 10-45million carats/year at around $25/ct for nearly 40 years. Merlin around 100K cts/yr for 4 years, plus a few thousand since, estimated $300/ct. The big miners won't be interested but some of the smaller players may. As I have previously said Merlin is not a straight forward operation and needs a smart operator. Think it is a fair way off before any outcomes.
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
