Here's the comment from someone that viewed the 50.2 carat diamond,
Publisher: Rapaport Diamond Report
Author: Matthew Hart, Mining Correspondent
When I was there, they had a
50.2-carat stone on display in the recovery plant. It was off-color, but good
enough to be valued for export purposes at $3,200 a carat - or about $160,000.
Suggest the quality was not excellent, but if we were to use the same valuation it would mean a gem worth $742,400!
That should help the bottom line:-)
Shares and warrants
Common shares issued and outstanding : 95.49 million
Fully Diluted: 114.49 million
Warrants 12,121,697 exercisable at $1.65 until July, 15, 1998 |
