I am not denying that GEMD overpaid for this asset when they bought it in 2007 but Kimberley generated
34m cash in 2012
26m Cash in 2011
14m Cash in 2010
33m Cash in 2009
Admittedly it only has 2 years left, but there aren't many other diamond mines in Australia that were as profitable.
The yellow diamond price is just under 5000/ct
ellendale, page-5
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