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28/01/05
10:46
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re: take me out i am sitting at 21 cents
no wispers no nothing
I aint that close to the company - just a long term shareholder who has backed them
just rememember
Ellendale 17 - 38m tonnes of diamondiferous material
if say head grade of 6 - 7 carats per hundred tonne thats 2.7m carats worth $600m in situ
say they get 10 c pht thats 4m carats worth $1b insitu
for a $20m market cap co the upside potential is enourmous
On dec 16th they annouced results due in Feb - wait til then - get off the offer and you may be pleasantly suprised
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