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1sharetrader1

10,564 Posts.

2094

16/09/14

10:25

Post #: 13980141
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Originally posted by 1sharetrader1 ↑

Bond equipment dms plants
Our current dms plant can process up to 100tph and by purchasing 150tph modules this capacity can be increased to 1000tph.
Our current alluvial grades are 5 carats per 100 cubic meters in lower grade areas and 20 carats per 100 cubic metres in most of the calonda formation.
Over the past 4 years large high value type 2a diamonds have been found at nearly all the sample locations and this trend has constantly continued.
The current average achieved so far on sales of these alluvial diamonds is almost $7000.00 per carat and without the large high value stones $1000.00 a carat.
The mining application for the alluvials is for the calonda formation only and has been conservatively priced at $500.00 a carat times 500,000 carats,sampling to date suggests that the calonda formation if trends continue will be at least 1 million carats with 250,000 carats in the lower grade alluvials that has not been included in the mining application but is within the application area,total 1.25 million carats.
By mixing the lower grade gravels with the calonda gravels the grade should be at least 10 carats per 100 cubic metres.
Over 4 years the recovery rates and type of diamonds has only improved or at least stayed on trend.
Now lets do the cash flow numbers
In a 7 hour day running at 1000tph the current upgraded dms could treat about 600 cubic meters per hour or 4200 cubic meters a day and produce about 420 carats for the day.
420 times $500.00 is $210,000.00
420 times $1000.00 is $420,000.00
420 times $7000.00 is 2,940,000.00
This potential lulo revenue is just for one day
All this information can be found in the companies reports over the past 4 years and the dms information can be found by looking up bond equipment dms plants.
Now do I need to say anymore?

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For the select few that keep asking the same questions that have been discussed many times before read the post above.
Post number 13648789
I believe this to be a good example of how 4 million dollars of diamonds a month can be recovered from alluvial mining.
It should also be noted that the company plans to operate a double shift a day for a total of 12 hours real working time,not the 7 hour example used in this post.

LOM Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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