musings, page-6

The grade hasn't changed greatly in the last 12 months that I know of. They have proven more of the deposit.

IMO - Kimberley are paying too much for their mining contract. No worries. The construction is done. The throughput volumes will go up and the costs will come down accordingly. New mining contract or go owner miner and costs will go down.

3 months time if the takeover hasn't kicked in the rerating should be sweet.

By the way the difficulty in all this is forecasting how much they will get for the roughies in Antwerp. All of that depends on where they have been mining in the lamproite (4 or 9).

I am comfortable with the marketing of yellow diamonds worldwide these days. Pick up a girly magazine - (no not one those the other type). Where the supply of pinks goes down there is room for the yellows.

China and India bring on growth in gem prices. Hello Baby. This company is too ripe at these prices.

All IMO - DYOR.