any opinions?
The inferred resource from 400m to 750m is stated as 4M carats.
The latest actual average price achieved from 2016 year end report is $824 per carat. ($649 if Constellation is excluded).
$824 is itself understated because LLR has not been sold yet.
Nevertheless, if the inferred 4M ct figure holds up and the quality remains the same, it points toward something like 4M x $824 = $3.3Bn in the ground below 400m.
With 380M shares in issue that represents an additional $8.50 revenue per share.
After royalty, costs, tax etc what % of that would be applicable to the mkt cap?