Appreciate the comments SamWally!
I try to keep my comments based on what I know, though I will admit a bias, I have worked in the diamond industry for over 30 years in various roles in Australia and abroad and am keen to promote any company in Australia trying to succeed in this industry, whether that be BDM, IDBH, Lucapa or a number of smaller players.
If you look historically there has only been 3 projects that lasted longer than 5 years in Australia since the early 80's, Argyle, Bow River(alluvial) and Ellendale, Merlin only lasted 4 years.
What that says is it is a hard gig finding and mining diamonds, if you do find them it then comes down to grade/mine plan/quality/cost if you tick those boxes it can be very profitable but there are no guarantees.
The three companies I mentioned above seem to be heading in the right direction, BDM and Lucapa in particular have a similar approach with sound diamond management and having several options.
Appreciate the comments SamWally!I try to keep my comments based...
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Mkt cap ! $234.5M | |||
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