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10/08/04
11:20
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i think Porsche will get a 911 Turbo
heres why!!!!!!
FACTS
KIM 5m carats (total) from 68mt at 7.3c p h/t
Insitu Value of $1.45b
KIM expecting $290 per carat over next 3 years
KIM worth $380m
CQT - Market Cap $22m
37mt still open along strike - ie can be extended
10 c p/ht in micro count ( some macrodamonds also found)
say CQT only have 37mt and say the pipe after bulk sampling is ONLY 7 c ph/t (so i'm being conservative) =
2.6m carats
2.6m * $290 = $750m insitu
Gold value Mt CHarelton = $100m insitu
so without anymore success and a macro count of only 7 ( currentlt micro of 10 and KIm 7.6) CQT will have $850m insitu value
assume like KIM it trades at 25% of its insitu value = $200m+++ market cap for CQT
fully diluted with say 140m shares = $1.40 per share
tell my any junior co with that potential - NONE
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