Where are the Buyers, page-163

Are there any diamond mines out there doing consistent 3ct sparklers (especially Type IIa's)?....I don't think so....not one.....If this grade and quality gets to be a habit....that $10 bill alluvial figure gets closer to reality. Divide by 5 years, take 40% for us...subtract for tax, royalty, operations, admin...I'm thinking 40% with deductions factored....Use a P/E of 5 (assuming still debt free)...pretty normal for wild Africa....maybe even 4...just to be safe. What does that come out too....
And if the kimberlite(s) source is found in the meantime....and as rich as the stones it (or they) are shedding....multiply by ten....