Yeah I had a read through all of their announcements yesterday.
I could not see where there was mismanagement or anything similar.
They found a possibly valuable gold asset, they went through all the steps to prove it up, they increased the indicated size, they upgraded their holdings from 40% to 60%...
Much of the value in the Claim was with the High Gold Price and the Low NZ Dollar.. thus making it a very attractive claim.
If the NZ Dollar drops, or the Gold Price gains it can still come online.
So apart from drawing a similarity to LOM's risk if Diamond prices drop, I don't see the reason or negativity implied as being linked to MILES.
... and to further comment, if the Diamond Price did drop, I would think that it would kill off the Mines that have an average price of $100/ct first, well before it starts to touch those that have a price point of between $500-$7000/ct
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Yeah I had a read through all of their announcements yesterday....
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5.5¢ |
Change
0.001(1.85%) |
Mkt cap ! $15.95M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.4¢ | $3.723K | 67.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 172310 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 117120 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 172310 | 0.052 |
1 | 50000 | 0.051 |
2 | 20500 | 0.050 |
2 | 100000 | 0.049 |
1 | 40000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 117120 | 2 |
0.060 | 85167 | 1 |
0.062 | 120000 | 1 |
0.065 | 80000 | 2 |
0.069 | 116000 | 1 |
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