Perspective and the stoneLet's say you had a retail store and had all your inventory for the 25+ year life of your store somehow magically piled in the back (and it would not rot), and your store was profitable before. Then you find-out that the selling price of your inventory just jumped up on a range from 28% to 130%, depending upon which item it was. Oh, and because of this, some how magically the price increase just inflated the amount of inventory that you have and that is economical to sell.
That's what has happened for Shore Gold per below. The value of their diamonds in the ground has just been re-evaluated and the prices went up, depending on which batch they were looking at, between 28 and 130%.
The final impact of this increase on the mine's feasibility will be released in a couple of months, but needless to say, it will be very positive.
In conjunction with the press release just sent out by Shore Gold . . . . here is the 11.96 carat, E-color, clear, rough diamond they were discussing - it was pulled out of Fort a la Corne:
As it is, it is worth $179,000 - once cut and polished into what we normally think of diamonds as, the value will increase by multiples.