Wanna know the operating cost?From: 2017 First Quarter Results
Summary
2017 attributable production: 2.2M carats •
Projected price: US$70 to US$90 per carat •
Sales proceeds: US$154M to US$198M •
Attributable operating cost approx. US$90M •
G&A and marketing costs approx. US$10M •
2017 principle debt repayment: US$24.8M •
C$65M cash in treasury in cost overrun account •
2017 reserve account funding: to be determined
Operating Cost = $90,000,000/2,200,000 carats = $41/carat
Then if you want to add the G,A&M $10M costs = $5/carat
You get any sale over $46/carat is profit.
The company put out the above figures from actual production, they have to be truthful and in no way misleading.
This talk of $72/carat cost is pure bull$hit.