Ask yourself one question - is Mt. Carlton going to be a repeat...

Ask yourself one question - is Mt. Carlton going to be a repeat of "Ellendale"? Lots of hopes but then total failure!
Half a billion dollars the well known Director reported to the ASX back then. There ended up being more diamonds in his backyard than at Ellendale.
Check out the quote below:
"In the lead up to commercial development of its 100% owned deposit, Conquest hopes to demonstrate similar tonnes and grades to Kimberley Diamond Company's nearby Ellendale 4 and 9 diamond mines. If Ellendale 17 contains a +30Mt resource in the top 100m from surface, grading six carats per hundred tonne, it could yield 1.8 million carats in an open pit. At an average selling price of AUD$300 per carat, the in-ground value of Eliendale 17 could equate to over half a billion dollars."