Trolls using the companies 0.4 calonda thickness as a way of saying the alluvials will not be economical is a way for them to rubbish the alluvial cash flow numbers.
Using the thickness and not providing actual dms capacity and revenue numbers from diamond sales is a way for trolls to mislead others.
So I guess miles kennedy is wrong is saying they will produce 4 million dollars worth of diamonds a month,his figure is taken from $500.00 a carat.
He also said that it should be noted that the average diamond price is almost $7000.00 a carat and evidence to date suggest these high value large diamonds will continue to be recovered.
These comments of a similar nature were made by miles kennedy at the annual general meeting.
To back up miles claim I have gone over the company data and have found him to be correct.
The lowest revenue figures the company is expecting is $54,600,000.00 per year
The current highest revenue number is almost $764,440,000.00 per year
Other than the comments by miles at the agm,these are figures calculated by me from announced results and diamond sales,the company has not announced revenue figures yet.
A educated person would assume a revenue figure of at least something between the low and high figures as the higher value stones have continued to be recovered at almost all sample sites.
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