GREY:PGDIF - Post by User
Comment by
xDeBeerson Oct 16, 2013 8:02pm
151 Views
Post# 21821948
RE:RE:CH-6
RE:RE:CH-6Another take on this is if the asset was valued at 'only' $1.8B, then De Beers stands to make $900M over 10 years from a ~$150M setup cost + $50M JV + annual production costs.
Suddenly they might be able to do better with their money somewhere else.
But PGD with 100% is a good investment of company money (that they don't have!).
10 years ago juniors where realising that $100 a carat is pittance compared to what a carat is worth by the time it is cut and polished and put in jewellery at $10,000/carat. Juniors where trying to get into this market, but I don't know of any that still do it to this day. GEM diamonds in London?? PGD could go down that route IF the asset is only valued at $1.8B and make the big bucks from diamond mining AND marketing. Canadian diamonds are well sought after. There is no blood on them, and again there is a hint of yellow diamonds.