Bungy - that marketable parcel, is that based on total carets (2500 from memory) or a value?
I posted today ALROSA are selling some Gems through Sotheby's mid year - flash back to 2011 and a Type IIA 25.5 ct diamond was sold at Sotheby’s in Hong Kong for USD$ 5.127 million or USD$ 205,000/carat. No wonder ALROSA are taking this path directly. Not that i expect that but it does underline that if this stone is IIA we may injection of cash quicker than I expected.
Remembering Endiama have to pay back costs so far, which again from memory comes to approx 12M. Just speculation but it shows how quickly the game can change if we have a good sale $10M+ and the options are converted in Dec, $31M.
Injection of 41M would really open the door to finding that commercial kimberlite, imo. Well enough drinks.....all the best to those that stuck it out.
LOM Price at posting:
0.8¢ Sentiment: None Disclosure: Held
