I know I've been overly optimistic here before, but I believe diamonds are being counted right now from the first 5,000 tons of the bulk sample.
AGM is July 11, and I expect that management will want the grade out there before that happens.
If anyone's still here (???) look at the website for the latest Powerpoint. There's a 3d model of the Carolina. IR tells me Carolina plus the dike system make about 20 million tons. A grade of .25 carats per will give us 5 million carats with profits in the $140 range. ($14 per ton stripping costs) Higher grades will mean more profit per carat obviously.
There have been a lot of delays, but they look to be over.
Next up is the Chiroca kimberlite, larger it seems and also known to be diamondiferous. It's 3.2 kilometers away to the south west give or take a few points and over good terrain, so it will be able to use the same plant. There's another unnamed kimberlite in the south westerly direction about 1 kilometer off, but there's no information about that yet. There could easily be 60 to 100 million tons in the area. Grade is yet to be determined, but now is probably a good time to buy.
Yea I know... I said that before. Hey, it hasn't been that long though.
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"Only a few acknowledged that the father’s story of return, redemption and liberation was also a story of conquest, displacement, oppression and death." -Yaron Ezrachi, "Rubber Bullets"
