RE:RE:RE:RE:RE:wonder whatMac - you know not of what you speak - and ought to as an investor in MPVD. PE didn't value the diamonds. They were valued by WWW - see below from 2014 feasibility report. On the basis of WWW dimaond values, banks lent MPVD US$370 million.
The issue is not the diamond values, but instead the mismanagement of the company since PE left to be CEO of Dominion Diamonds. Biggest mistake was the KDI deal which destroyed trust and confidence in the Dotards. And that's gone forever. On top of that, Dotards appoint a De Bums accountant as CEO. We've all witnessed what's happened since - and you can't blame the pandemic.
Diamond revenue for the Feasibility Study is derived from the modeled diamond price estimate provided by WWW International Diamond Consultants (February 2014 price book) exclusive of any marketing fees post government valuation.