RTM reefton mining nl

remember the diamonds

  1. 56,883 Posts.
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    Not juust a U stock:

    "Sydney - Thursday - Feb 10: (RWE Australian Business News) -
    Reefton Mining NL has reported the valuation of its high quality
    diamonds recovered from onshore tenements at the Skeleton Coast Project
    in Namibia.
    All of the diamonds recovered up to the end of October weighing
    460 carats for 2,421 diamonds were valued by the well-known and
    internationally respected diamond industry valuer, Mr Peter
    Talbot-Ponsonby at US$219 per carat.
    The valuation exceeded the expectation of the Board by 10% where
    previously the Company had assumed US$200 per carat in its scoping
    studies. This valuation has a significant effect on the potential worth
    and subsequent economics of a diamond mining operation on the Skeleton
    Coast.
    Mr Talbot-Ponsonby commented that "Reefton's diamonds are of
    good quality and superior to other Namibian productions, and therefore
    command an above average price."
    He also commented that the colour owas definitely superior and
    said that "these diamonds would attract a premium to the valuation if
    sold under tender in Europe"."

    Regards
 
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Currently unlisted public company.

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