GREY:PGDIF - Post by User
Post by
Aberlouron Oct 29, 2010 1:24pm
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Post# 17631411
Grade of CH31
Grade of CH31If you extrapolate the diamond grade of this pipe we are north of 1.5 carats per tonne and 25+ million tonnes. If you take an average price of $100 per carat you are approaching a potential $4 billion pipe.
For that, the market has added about $4 million in market cap.
Flying way under the radar screen here.
One of the issues is that a lot of institutional buying is being soaked up with the $2.50 financing, which I hear is over-subscribed.
This is the best news yet.