Some rough-and-ready calculations - open to correction.
1. Long mine life
2. At $170/carat, 400000 c/y, from 6 m t/y at $12.50 cost/t : earnings $62 million after costs per year
3. With cap of $270 m, less than 5:1 P:E.
4. Debt down to $20 m.
Have I missed anything?
Note no idea of other costs - could be highish?
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KIM
kimberley diamond company nl.
Some rough-and-ready calculations - open to correction.1. Long...
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