Chain of Custody for the stones.At Dominion Diamonds, looking at their last annual information form, the stones go to Yellowknife for sort and split and then they go to company owned locations in Ontario, Antwerp, and India for wholesale distribution of rough.
MacLoud1, are you deliberately trying to mislead investors in MPVD?
DeBeers mostly sells rough stones around the world. 30M carats a year production, you think they care about most of the stones coming from GK. That mine hits about the company average in value per carat, $US 162 per carat for DeBeers from all mines wordwide.
Canada average for 2017 reported by DeBeers was $235US. We know Victor IS higher valued carats than GK.
DeBeers is mostly a producer of rough stones, not a polisher/cutter/marketer. As I said, they do break out "Trading" as a seperate line item of EBITDA, seperate from their production by source Country. (See page 10 of the AngloAmerican 2017 Year End Report).
MaCLoud1, why do you keep defending the company like your not even a shareholder?
I am going to say it again, me thinks your an officer/director/employee/contractor/ or close
to one of these similarly situated persons. Just one degree of seperation.
Any shareholder with any reasonable degree of inquiry and scepticism would want to take a real close look at why MPVD is so far off from the Feasability Study numbers, in terms of dollars $US per carat in the valuation of the stones. They also look so far off from any reasonable estimates of what DEBeers has to be earning from their GK operation to date.