Rockwell Diamonds Inc RDIAF

Metals & Mining Industrial Metals & Minerals

Rockwell Diamonds Inc is a diamond mining company. It is engaged in the business of diamond production and the acquisition and exploration of natural resource properties. It is engaged in the mining of palaeo channels and rooikoppie gravels and the recovery of high value and larger karat size diamonds. The company holds interests in Wouterspan, Saxendrift, Niewejaarskraal, and Remhoogte properties.

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Rockwell Diamonds Inc > 60 carat confirmation

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Comment by knicksmanon May 04, 2017 10:54am

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Post# 26202994

RE:60 carat confirmation

The fundamentals of the company are certainly improving. The diamond is worth $500k. That's nearly one fifth of the market cap. The company should net half of that (I believe) with the other half going to their partner. These large diamonds are "typical" for Wouterspan, I believe. The company should find these regularly. I believe the company is processing at a rate of between 80k to 100k m3 per month now. That should increase to above 150k m3 in the near-term (I would think the end of May) and approach 200k m3 in a month or two after. Once the company is able to put the case behind it, I have no doubt we are (finally) going to see the fundamentals improve...sustainably. Wouterspan is likely only the beginning to the story...

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