Member Info for INFINITYX

This 40% figure is based on what has been reported on. This figure is likely higher due to other shareholders such as myself taking a position below the reportable 3% and don’t plan on selling any time soon.

Nearly 40% of the stock is held by insiders or significant shareholder ownership.

Personally I think the NI partnership will come first followed by lahtojoki when the permit arrives or soon after

I think my only concern is that they need to get a strategic partner fairly soon because if they need to fundraise again at these levels then we could experience a drop to below 1p, but if they don’t need to fundraise and find a partner then we could be sitting at double figures when announced.

Why are people selling? I’m going to top up today

4. Lucara Diamond (Karowe Mine, Botswana)

Peak Market Cap: Over $1B USD (post-discovery)

Discovery: The Karowe Mine contained exceptionally high-value diamonds, including the 1,109-carat “Lesedi La Rona.” Early exploration results suggested strong economic potential, driving valuation higher.

Outcome: Karowe remains one of the world’s most profitable diamond mines.

Relation to KDR:

KDR’s green diamond discovery in the Kuhmo region suggests potential for rare and high-value gem-quality diamonds, similar to the stones found at Karowe.

If drilling reveals diamonds of comparable quality, it could significantly increase Karelian’s valuation.

5. Mountain Province Diamonds (Gahcho Kué, Canada)

Peak Market Cap: ~$500M CAD (exploration phase)

Discovery: Gahcho Kué kimberlite field, co-owned with De Beers, had high diamond grades. Early exploration results drove significant speculation.

Outcome: The project reached production, and Mountain Province is now a mid-tier diamond producer.

Relation to KDR:

Similar to Mountain Province’s early days, KDR is an exploration-focused company with promising geophysics in Kuhmo and the potential to develop Finland’s first diamond mine at Lahtojoki.

Partnership opportunities with larger mining firms could re-rate Karelian, as De Beers did for Mountain Province.

Here’s a list of diamond exploration companies that achieved significant valuations early in their development, along with how their situations relate to **Karelian Diamond Resources (KDR)** and its projects in Finland and Northern Ireland.

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### **1. Peregrine Diamonds (Chidliak Project, Canada)**

- **Peak Market Cap**: ~**$500M CAD**

- **Discovery**: The Chidliak kimberlite field in Nunavut, Canada, which contained over 70 kimberlite pipes, many of them diamondiferous. Early-stage results indicated high-grade diamond potential.

- **Outcome**: Acquired by De Beers in 2018 for ~$107M CAD after initial excitement cooled due to economic challenges.

- **Relation to KDR**:

- Like Kuhmo, Peregrine's project was in an **underexplored region with promising geophysics** and kimberlite discoveries.

- KDR’s UAV-based electromagnetic surveys have similarly identified **diatreme-shaped anomalies**, suggesting potential kimberlite sources.

- If drilling confirms diamond-bearing kimberlites, Karelian could follow a similar trajectory.

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### **2. Kennady Diamonds (Near Gahcho Kué, Canada)**

- **Peak Market Cap**: ~**$200M CAD**

- **Discovery**: Multiple kimberlite pipes with high-grade diamonds near the Gahcho Kué mine. Proximity to an active diamond mine boosted investor confidence.

- **Outcome**: Acquired by Mountain Province Diamonds for ~$176M CAD in 2018.

- **Relation to KDR**:

- KDR’s **Lahtojoki project** is Finland’s only known diamond deposit and is advancing toward development, similar to Kennady’s early success near Gahcho Kué.

- If Kuhmo or other targets near Lahtojoki yield additional discoveries, it could significantly re-rate Karelian’s valuation.

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### **3. Shore Gold (Star-Orion South, Canada)**

- **Peak Market Cap**: ~**$1B CAD (2006)**

- **Discovery**: The Star-Orion South kimberlite in Saskatchewan was one of the largest kimberlite deposits ever identified. Early-stage enthusiasm over its scale led to massive speculative gains.

- **Outcome**: The project struggled with economics, and the company (now **Star Diamond**) trades at a fraction of its peak.

- **Relation to KDR**:

- KDR’s **Kuhmo region anomalies** could potentially host large-scale kimberlite deposits like Star-Orion South.

- Early-stage exploration success could generate speculative enthusiasm, as it did for Shore Gold.

My shares are in bottom drawer but I have every confidence that in the future we will be sitting at a minimum 50p per share. This might be a way off but I don’t think investors realise how much potential there is here. However it’s going to take a while to get to a decent market cap.

Must be due some good news at some point. I think they must be getting the permit approved soon surely? I’m stuck here as not selling at these prices so these are in the bottom drawer and getting forgotten about. I think 2025 could be the year where we get some long overdue news.

It’s definitely one for the bottom drawer for now. Once there is interest it won’t take long for the SP to increase. I think once permit arrives it’ll put KDR on the map and new investors will arrive. I think the tide will change but it might take some time. I’m locked in as many other investors are sitting on a loss. Even if I was in profit or at break even I’d be still holding these for when the licence is announced. Kuhmo and NI are in the distant future but certainly will entice new investors when KDR is on the map.

He might want to close that short position

Given the unique upside potential from pink diamonds, the significant progress made with the Lahtojoki project, and comparisons to similar companies, a market cap of £50 million to £100 million seems more appropriate in the medium term, with upside potential beyond that as the project advances and more resources are confirmed.

Market Cap Expectations

1. Value of Pink Diamonds

At a 3% recovery rate of pink diamonds (63,300 carats) and a realistic commercial price of $20,000 to $150,000 per carat, the total value of pink diamonds could range from $1.266 billion to $9.495 billion.

Given how rare and highly sought after pink diamonds are, even a small proportion of higher-grade stones could increase the overall diamond price per carat for the Lahtojoki project, pushing the gross recoverable value significantly higher than the $211 million from the original PEA.

2. Market Comparisons and Project Derisking

Diamond mining companies typically trade at a premium if they are producing or near-production, especially if they have unique, high-value resources like pink diamonds.

Given that the Lahtojoki project has progressed past major legal hurdles and is moving closer to production, the company is in a relatively derisked phase, which should command a higher multiple on its resource value.

For instance:

DiamondCorp: When progressing its Lace Diamond Mine, had a market cap of £40 million with a smaller-scale operation.

Lucara Diamond: Known for its high-value gems, had a much higher valuation based on a combination of unique resource quality and steady production.

3. Market Cap Estimate

Considering Karelian Diamonds has a confirmed resource with a projected 55% IRR and a 9-year mine life—plus the upside of pink diamonds—the market cap could reasonably be higher, especially if the company moves closer to production or garners interest from larger investors or strategic partners.

Conservative Estimate: Taking into account the current stage of development, market sentiment, and potential resource value, a market cap of £20 million to £30 million could be justified based on the derisking of the project and potential revenues.

Moderate Estimate: If pink diamonds are confirmed and sold for $50,000 to $100,000 per carat, and the company secures funding or a partnership, the market cap could realistically reach £50 million to £100 million.

High-End Estimate: In a scenario where significant high-value pink diamonds are recovered and the project moves toward production, the market cap could rise well beyond £100 million, potentially reaching £150 million or more as production ramps up and revenues begin to materialize.

4. Further Catalysts for Higher Market Cap

Strategic Partnerships: If Karelian Diamonds secures a joint venture or financing from a larger mining company, this would significantly boost investor confidence and potentially double or triple its market cap almost overnight.

Updated Economic Studies: An updated feasibility study that includes the potential impact of pink diamonds would adjust the project’s NPV and make the company more attractive to institutional investors.

Global Diamond Market: Any improvements in the global diamond market, particularly for rare stones like pink diamonds, could push the project’s valuation higher.

I’ve been off the board for a while but this is the news we have been waiting for. I’d be very surprised if the market doesn’t wake up. The first diamond mine in Europe and we have Kuhmo and NI. Rather ridiculous that we are sitting at a market cap of £2 million when similar exploratory companies are at minimum £10 million market cap.

I wouldn't be so sure. Once the media starts reporting on it as the first diamond mine in EU then investors will be piling in as they will see what the other assets are. Lahtojoki is the starter that'll tempt investors in then they will see what's for the main course and dessert (Kuhmo, NI)

I think once any loose ends are tied up there is going to be a lot of buzz around KDR. It's not just any old diamond mine, it'll be the first diamond mine in the EU. Once people catch on we KDR will be in double digits for SP.

Landowners won't appeal, potentially means they will have to contribute to court costs again if they lose. Its a good rns imo

Might take a day or so for them to get news out to the market. I would imagine news is positive and potential talks of next steps, maybe even a JV. Only speculating but I think this is the catalyst holders have been waiting for.

I don't understand why people are selling when we have news next week. Why sell at 1.5p it makes no sense.

All eyes will be on KDR next week as they approach a pivotal moment. The licensing approval could unlock significant joint venture opportunities, potentially transforming the company's trajectory.