they need to sort out this bottleneck its delaying them to long...

they need to sort out this bottleneck its delaying them to long still not sure if its running cash positive yet..


10:41, Friday, 19 January 2007

Sydney - Friday - January 19: (RWE Australian Business News) -
Elkedra Diamonds (EDN) reports the results of its sixth diamond sale
since start-up of the Chapada mine, with the latest independent
valuation of production for the period 5 December through to 8 January
achieving an average price of US$400/ct for a total revenue of
US$799,942.
This parcel of 1,995 carats consisted of 3,704 stones with an
average stone size of 0.54 cts /stone. The sale parcel included 2 stones
in excess of 10 carats in size, the largest of which was 13.45 carats,
achieving an average value of US$3,436/ct.
There were 3 stones in the 10 carat size range averaging
US$1,581/ct and a 9.10 carat stone at US$2,700/ct.
Since start-up in June 2006, the Chapada project has produced,
to 8 January 2007, a total of 10,669carats (21,968 stones), for a total
value of US$4,219,238.
ENDS