GREY:DFIFF - Post by User
Comment by
TadeuszAon Jun 28, 2005 11:53am
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Post# 9218571
RE: New topic.
RE: New topic. First of all the price of diamonds rose 12-15% last year so, the average price od DFI diamonds is expected to be US$240.00/carat minimum.
I spoke with DFI and was told, that the total cost of this operation (including 10% to Namibia) will not go higher than US$100.00 per carat - when 70-80% of available time is spend on diamond mining activities.
But anyway, even if there is just US$120.00/carat in profit E/S should be very significant.
What goes to exploration expenses and paying off our loans?
It’s hard to say right now but, I wouldn’t state that we will be left with profit of just few cents per share.
TA