RE: diamond research updateIt still amazes me the foot draggin' debeers does with respect to their canadian diamond projects. they express their need to increase production. they definitely are in no rush, and i feel they have too many jv and capital is spread too thin.
all the while Rio tinto and BHP are kicking their butts. these guys have mines up and running in no time flat 5 to 7 years.
the current price has me worried some, it looks very weak considering the expected news. i do not know who i am more disappointed with debeers and their magical black box (which will not take single $60.000 10 carat diamonds), they call it just being conservative or Jan and the board. they are very weak and obviously statisfied with the current price. what will the excuse this year- the 10 carat diamond was an anomaly, diamond values were down 20% last year. i know their is a mine here and so does debeers. they are hoping we will get tired and leave.