They obviously had a valuation done - to comfortably loan Mustang 8 mil, IMO they would of had to come to a valuation in excess of 20 mil to be comfortable in case of worst case scenarios.
Couldn't see them loaning 10mil for 147k of $5 per carat stones. - laughable really.
Also to note - Valuation was done when we had less inventory.
IMO this would have to be a starting point for inventory valuation.
All IMO DYOR
