RE:RE:RE:RE:This Problem Explains All Our ProblemsTiny I have to disiagree with you. I am not talking about the colors of the diamond I am talking about the size and value per carat we are achieving . The sceening does not differentiate between colour. It only allows size to go through. Whether the diamond is white, brown or any other color for that matter, if they are so tiny that you can't use them for jewelry than they are called boart and used for industrial use for such things as saw blades, drills etc.
Our grade improved because we have gone to a smaller size sieve and therefore increased the amount of saller diamonds. We are at 60% gem or near gem quality, which can be any color and 40% boart.
I am talking about carat value and this is what I posted some time ago.
MPVD carat value not all bad
When you look at the 2017 Annual report and the 2018 production reports you will note that out of all the diamonds we produce 40% are Boart and 60% are gem or near gem quality. The boart sells for an average of $8 US or $10.40 C based on an exchange rate of $1.30. So far this year we have sold 2,431,068 carats at an average of $77 US or $100.1 C. So lets see what happens when you remove the boart from the equation.
Quarter 1
We sold 558,000 carats at an average grade of 2.09 Carats per ton for a revenue of $66,565,000 Canadian, which gave us average $99 US or $126. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 316,800 carats for a revenue of $64,368,520 C for a value $203.18 C per carat or $154.41 US at an average grade of 1.25 carats per ton.
Quarter 2
We sold 1,134,000 carats at an average grade of 2.12 Carats per ton for a revenue of $99,075,000 Canadian, which gave us average $79 US or $101. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 680,400 carats for a revenue of $94,357,560 C for a value $138,67 C per carat or $105.39 US at an average grade of 1.24.6 carats per ton.
Quarter 3
We sold 768068 carats at an average grade of 2.15 Carats per ton for a revenue of $75,500,000 Canadian, which gave us average $79 US or $101. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 460,841 carats for a revenue of $72,304,839C for a value $156.89  C per carat or $119.23 US at an average grade of 1.29 carats per ton.
So far this year after removing the Boart we have 1,458,041 gem or near gem quality diamonds sold for revenue of $231,030,919 Canadian at an average of $158.45 C or $120.42 US per carat and an average grade of 1.26 carat per ton.
So it is my opinion (merely an opinion based on facts) that the price per carat we average is not all that bad. The richness and value of this ore body is masked by the boart diamonds. You are talking 972,027 carats for an additional revenue of $10,109,080 C or $7,776,216.US I am told that it does not cost anything more to produce the Boart diamonds and it is additional revenue.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.mpvd&postid=28608034#2pgFEcZeX47AbbBc.99