RE: All Is Well....!It’s hard to say what will be considered good results but as long as you keep in mind Victor results from same stage of exploration then you can compare apples to apples.
The key will he course distribution curve and high quality high proportion of white gems.
I doubt the overall grade will get over 0.25 CPT, but again DeBeers Victor has average grade of 0.25 with 30 million tons, but very high value diamonds.
So the key will be similarities to Victor and if the market doesn't get that then buy as much as you can because it will be a cheap way to play a great location very close to Victor.
Also consider that most diamond discoveries have a few economic pipes clustered in the discovery area, Victor is all by its lonesome and it needs a brother or sister pipe to keep it company.
The results that will propel KWG or DDA (New code?) to 1 - 5 dollars will be the major bulk sample which will happen next year, if DeBeers ever allows it to get that far.
If I were DeBeers I would make a deal ASAP if the numbers show similarities before the market catches wind of a brother or sister to Victor.
I also think this will be a great opportunity to buy a great play on the cheap because the market is overly concerned about the shares outstanding with KWG.
This means nothing if the results are encouraging as the total value of diamonds in the ground will determine the overall value of KWG and then you just divide that by S/O.
1 billion values of diamonds still works out to 5.00 per share even at 200 million s/o, and 200 million is diamond value works to 1.00 per share.
Also consider that KWG's pipes are similar size to Victor, what if all 3 are good, 3 times Victor value???
The more I think about this play the more I like it yet the market hasn't recognized the potential here.
Cheers and GLA