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Diamond Fields Resources Inc. V.DFI


Primary Symbol: DFIFF

"Diamond Fields International Ltd is a mineral exploration company. It is engaged in the exploration and evaluation of mineral properties in Namibia, Red Sea, South Africa and Madagascar."


GREY:DFIFF - Post by User

Comment by TadeuszAon Jun 28, 2005 11:53am
148 Views
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
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