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john435

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16/04/18

13:25

Post #: 32481319
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Originally posted by john435 ↑

@Penn I think POZ Minerals really has the box seat on diamond prospective ground in the Kimberley region and their tiny market cap of $16m leaves plenty of room for a rapid revaluing of the company in June as they start to mine the diamond trap sites adjacent to the old Ellendale Mine ,home of the famous yellow diamonds .Currently most yellows are sources from Sierra Leone and having just come back from a few days in Singapore meeting with a number of gem buyers I know that many are aware of POZ and eagerly awaiting the possibility of acquiring better coloured yellows from a safe jurisdiction.The point was made to me in Singapore that yellow diamonds from the Kimberley will easily satisfy all the requirements to get the Kimberly Process Certification required for the movement,sale and processing of all gem quality diamonds throughout the world. Also the fact that POZ's stones are from an easily accessed shallow alluvial source means the processing costs will be minimal compared to many African producers . POZ's best sites are all on granted mining leases so no waiting around for permitting issues and they have already concluded agreements with the local native title holders .
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Below is a map showing all of POZ's target trap sites

XSO Value at posting: 2,664.9
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