Member Info for jscapper

For this year Graham. But the contract did not start until Q3 so projected throughput from here ,with one crusher , was 40.000tones per month. So for first full year of contract will be in excess of the 400,000 tons. Without doing much calc. I can see an income of $16 per ton based on 400.000 tons per year at 4ctht selling at $400. I am sure I will be corrected on this!!!

Good to see the low cost of $3.50 per ton based on 400,000 tons
Prior to this contract we were spending $1.9 on mining costs and $4.1 on plant costs. All plant costs will not be included in the $3.5 but some will.

All looking very positive.

Any money raise will be for acquisitions further down the story.

Just have a look back over the last 3/4 weeks at the new posters on here who were posting every few moments about this share being the best thing since sliced bread. Many are now are silent. Gone over the rainbow bridge to the next watering hole. I also used to be one of these. Now, I would rather use the opportunities they give us to build my holding.

No big sell just the MM's taking the opportunity to winkle out some more unicorn chasers. Fundamentals of this share have never been better with a real mining team now bringing to market, at a profitable rate, our exceptional diamonds.
I think we will all be surprised, when the next Quarter results are published, as to the progress which has been made.
L2 has been moved on very small trades. otherwise known as unicorn droppings.

Agree totally. However we must remember that some of the new posters here have disappeared due to needing to sell at a loss and follow the next unicorn.

Up until today we have operated with one crusher. After today we operate with two. The second one being a larger capacity than the existing one. Throughput of ore should be a great deal higher than present 35K per month.

"A decision was taken to replace the current cone crusher with a larger version and improve the feed mechanism to the crusher. Not only should this increase the reliability of our crushing circuit, hence its availability, it will enable us to potentially increase the capacity of the crushing circuit to above our medium-term target of 400,000t per annum to enable the building of the necessary crushed ore inventory. In order to preserve cash, the new crusher will be acquired on a rent to buy contract, the cost of which will be partially offset by the release of a smaller rented crusher. Downstream conveyors, motors and pumps are also being correctly sized to handle the additional throughput."

So they seem to have decided to keep the old crusher as well as running the new larger one. The small one was getting us to 35,000 tons per month the new one can do more. That will mean the capacity to process ore will have around 80,000 per month or twice that of what we have been told so far.

So the interesting bit is that they are going to run the two crusher circuits in tandem. This should mean a massive increase on throughput. I think the 400,000 ton target will be smashed once this operation is in full swing.

This phenomena has always interested me. Why does anyone sell a low number of shares at a loss. The dealing costs are more than the sale value. Is this the MM's working their magic?

Or more likely people have realised this to be a company on the brink of profitability with an exceptional resource just awaiting to be dug from the ground. Maybe they have seen that the new management actually understands the art of mining for diamonds.

Also added 2000 @ 74.5

Log
No problem all these decimal points cause problems. At least at 60p it will soon be £1 which will make it a lot easier.

Log
1000 shares before was worth £1.20 ----- 1000x 0.0012
now 1000/500 =2 x .60 = £1.20

not looked yet at spread but L2 is stronger again at 2v1 since 11.09

L2 Looks like another large buy order placed this morning. 2v2 now from 1v3.

Nice little increase in shares for Wayne. Confidence from a PI.

M/cap £2M. Plenty of upside without any new news. Can see £10 M M/cap as not over optimistic.

I like these 2 statements from the presentation
“Trial mining at KV5 showed that it produces larger, higher value diamonds with an initial estimate of US$411 per carat
?
? Re-evaluating K3, indications are that the resource might be larger than indicated

I bought at below mid 2 weeks ago shown has sells. The on paper spread is not the real spread. Why they do this one can only wonder.