NYSEAM:DDC - Post by User
Comment by
explorer49on Jul 10, 2016 2:26pm
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Post# 25039338
RE:RE:RE:re: DDC ??
RE:RE:RE:re: DDC ??LC - Another thing that scares me about SWY and DDC - they both assume diamond prices are going to rise by a real 2.5% every year through the mine life. That's crazy - especially after the 15% fall in prices in 2015. Developers shouldn't assume more than inflation - so around 0.5% annual increase. If a project (Jay, Renard, etc) can't achieve +15% IRR based in flat diamond prices, the mines should not be built. Renard's being built for the vanity of the Quebec government and Jay's being built for Bob Gannicot's ego. Shareholders will pay the price.