RE:Star DIAM Mentioned (Tue, 04 Jan) - Summary by Will Purcell
Summary by Pill Wurcell There is much that could generate satisfaction at the feasibility stage -- higher than hyped grades, lower than projected capital and operating costs, the acceptance of inferred resources and the like -- each carrying a higher chance for upside than downside. Rough diamond values are, however, one crucial area where the market thinks an improvement is more likely than not -- and RTEC appears to be betting on that possibility. P.S. - Increasing demand and decreasing supply has resulted in a recovery in rough diamond prices. Looks like the bet is paying off.