well they have named it the chelsea blue.. i know a rather wealthy russian who might want to pick that up to put in a show case at a certain football ground.
but.......
what could be around the corner.?
i think we will see the bigger producers buying up reserves next year.the diamond market looks very under supplied.
they are not cheap to get out of the ground in south africa, plus the large tax there, which might make this stocks valuation very cheap to a larger producer.
also there are companies around globally whose gold in the ground is valued at 30 dollars per ounce.
that would put the gold assett here worth 30,000,000 dollars alone.
if they produce 100,000 carats next year , as planned and keep about 100 dollars per carat profit that could put the valuation through the roof.
i think there are diamond producers around who trade at 10/15 times profit.
just imagine if it all works out..........
30 mio for the gold
10,000,000 times p/e of 10 gives us 110,000,000 dollar market cap.(110,000,000 for us as indonesian govt owns 20 percent of the diamonds, so 30 for gold, 80 for diamonds)
aprox 86 million shares.
that is a sterling share price of 65 pence.
so you can see why people are taking a punt.
all speculation of course but the numbers are all there.
happy new year to all.
