Comparing Carats
While the stock price is currently where it is ... it's urgent that one does some research on how unique it is to find a 1.9mm Macro Diamond in a sample of a few kilograms.
Many discoveries start with finding a Macro Diamond half this size in a sample the size of a tonne !
Keep in mind a 3 carot diamond is about 9.2mm x 9.2mm.
It seems any Macro Diamond finds above 1.5mm are very rare and often lead to the biggest discoveries.
Of course there are some major challenges here as far as location. But keep in mind this was a very very small sample. And when they do a much larger sample if they start finding stones just a few millimetres bigger. The share holders are going to be very happy to say the least.
I believe it's just a matter of time until the big players start showing up to our doorsteps and want a piece of the action. If they haven't already.
It's important to understand we didn't get here by accident. It no longer is a what if - it's now how much bigger and how many diamonds can be found ?
And at these current prices - this could be one of the best diamond bets on the planet.
Considering they have spent more than $20 million on their projects and have collected a library full of data from all the other companies and searchers who were looking before, what is a fair valuation considering the recent discovery ?
Would the insiders let this whole thing go for $20 million if they got an offer ? Not a chance - they are shooting for the whole enchalida.
This stock at one point was valued at over $1.50 a share with no macro diamond finds.
With some more good news we may be there again or beyond.