GREAT TIMING WHEN YOU THINK ABOUT ITHey Mates,
The time-line that we have for MPV, in many ways could not be better. Given the optimistic start-up date of 2012, or even the more realistic start-up date of 2014 bodes well for those of us solidly invested. Think about it!
1] we're fortunate that we're not a new start-up or even close to being one, given the softening in the current diamond market. Just look at what's happened to the operating mines of late.
2] expect this current economic meltdown to last 3-5 years which takes us to the 2014 point, during which time the costs of putting the entire infrastructure in place should come in considerably lower than had the economy still been roaring along in bubble mode.
3] the expected strengthening of the precious metals over the next 3 years should balloon the treasuries of a number the pm firms, who may already be eyeing the likes of MPV's vast potential as a way of diversifying their asset production base.
4] additionally, the industrial metals markets should lead the way out of the recovery in the latter half of the "L", some 3-5 years down the road, improving the treasuries of the likes of BHP, RTP, and TECK to name a few. Their interest in the diamond industry is already evident, and MPV I'd suggest will be the crown jewel in the minds of well healed suitors.
5] I'd also bet that the TIGs have been expanding their positions in MPV with the recent downdraft, and are more than patient. They're well aware of the future potential our company has.
And finally, this lull before the storm has very likely not been wasted by certain entities who are reviewing the legalize of the JV, and developing the strategy needed to break the DB stranglehold that has frustrated most of us over the past few years. On this I believe we will receive ever more positive news over the coming year.
Until our day in the sun arrives, Cheers,
Brit