RE:RE:RE:Kaiserno problem...Its not really a question of affordability as much as value derived...but my guess is that hhe questions the conservativeness of using the WWW International Diamond Consultants (February, 2014, price book) exclusive of any marketing fees after government valuation.
MPV is currently trading right around its NPV impled value.Now, granted, we know that the the NPV includes only P&P reserves, uses a ridiculous 10% discount rate (should be 5%), excludes value of larger diamonds, and omits about 150MM in preproduction revenues. So, its probably safe to say its trading below NPV. I'm sure somebody will come along and let us know wha Kaiser has to say about those modelled diamond values. I suspect he doesn t like them.