RE:"May you live in interesting times"Chauncey he staes in his interview how profitable EKita is :
"Ekati was a very profitable mine – making 30-50% EBIT margins,"
MPVD margins EBIT sofar based on $80. dollars Canadian as stated by Dave Whittle in the Denver presentation are for sale 1&2, 44%, sale 3 to 5, 58%, sale 6, 65%, and sale 7 , 54%.
Tell me this mine is not profitable even at these low price.
He also states it took 5 sales before they saw the price per carat to start climbing towards their feasiblity projections. They had the same concerns , florescense and market acceptability of their product. Things will turn around for us also.