SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Letmebe Frank who wrote (374)3/20/2002 10:24:49 PM
From: WillP  Read Replies (1) of 613
 
Actually, I didn't quite say it would be difficult to
attain $75 (U.S.) per tonne. I said it would, if the grade
was low. If the sample turned out to have a 0.5 carat per
tonne grade, then you only need $150 (U.S.) per carat.
That's certainly not unrealistic.


Yes, those are my words, but some clarification may be in order. That was one of a number of paragraphs talking about diamond value, as I recall. The sentence, "That's certainly not unrealistic," refers to a value of $150 per carat, not a grade of 0.5 carat per tonne.

Should the current Twin sample achieve a grade of 0.5 carat per tonne, I would be pleasantly surprised, if not shocked. If I had to deviate from a 0.2 carat per tonne guess at this stage, my senses tell me to go somewhat lower.

If the stone quality lives up to billing, and the coarse sizes are there, I have no concern over $150 per carat, however, or even a bit more, assuming they don't include shrapnel to bump up the grade -- say a 1.2 or 1.5-millimetre minimum cutoff.

But, like the rest of you, I'm watching and waiting...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext