To play devils advocate.From memory, the diamonds were going to...

To play devils advocate.

From memory, the diamonds were going to produce a cashflow profit of $10M/year.

In the current environment for a minnow that was earning money, I would expect a PE ratio of between 4-6.

So conservatively, a PE of 4 would give a company value of $40M.

With about 1.1B shares on issue, that equates to a shareprice of 3.6 cents.

Yes, would be a buy if you think that they will be producing diamonds soon.

I have a beautiful bridge in Sydney that I'm selling too if you're interested!

;^)