Member Info for jscapper

This is the bit which you need to read and understand. He has sold zero shares but the maths of having more in issue results in a lower %.

"11. Additional informationxvi

The change in the percentage of shares held is due entirely to the placing by BlueRock Diamonds plc, the shares from which were admitted to AIM on 15/02/2019."

Just looked at the waste stripping of KV1. Which has just been completed to give us access to the pure kimberlite.
The have stripped 10 meter depth from a 1.4 hectars site this is 140,000 cu metres of waste. A cu/m weighs 2.5 tonnes and from Bluerock's figures it costa $1.5 a tonne to remove.
This gives a total cost of $525.000

This is a one off cost attributed to last years report and a reason we are not yet showing a profit.

This can be extrapolated for KV2 to a lesser extent as they started to mine from 7 Metres on this pipe.

Sure do. Been adding at regular intervals over the last months.
Lowest price with highest expectations in its history.

£25 grand. Not loose change.

Think it costs $1.5 a tonne to remove this waste so for KV3 it could be calculated.
For KV1 and 2 the bout of this work has been done as we are down to 20 Meters and undiluted kimberlite. The sweet spot.

This preparation work done on KV1and 2 has been one of the main reasons for non profitability yet. Hopefully with this non income work out of the way 2019 will see a more stable balance sheet.

Yes overburden removal must have been very high last year with stripping of the top 10 meters producing no income but incurring a high cost. So that will be a cost on KV and 2 which should reduce this year as they mine pure kimberlite.

"At an operating level of 40,000 tonnes a month, BlueRock expects its mining operations to be profitable at a grade of 2.5 cpht. The Company's average grade from all of its mining operations to date is 2.6 cpht and excluding the mining of the very low grade material in the higher levels of the pit BlueRock estimates that the average grade to date is approximately 3.5cpht."
However as you state there was a £750,000 business loss on the 6 month period which I have taken as £1.5M for the year
After this at breakeven point to give us a profitable company the ctht on an annual 300,000tonnes would be 3.4ctht
At 4 ctht the profit would be $600,000. For 400.000 it would be $1,332,000
At 5ctht it would be $1.6M. . For 400.000 it would be $2,640,000

graham - The costs are given in the presentation

Mining cost $1.9 per tonne

Plant costs $4.1

Giving a $6 total

As homebrewruss says on a 40,000 tonne throughput

Sorry hb we seem to have been typing similar things at the same time..

Graham - They are all from figures in RNS and the presentations. Estimate for 2019 is stated to be 300 - 350K tonnes for the year. with Q4 at equivalent to 400K tones. The grade is an estimate on the low side as we are now mining non diluted kimberlite. Also using the average price achieved per ct from 2018. The costs are all in the latest presentation. Just imagine the ctht was found to be 6+ctht no extra cost but all profit. Remember the Zstar figures were for whole pit including the top 20 M which wa diluted. Again refer to the Presentation for a graphic of the pipe to see this. The 6.5 ctph for KV1 could quite feasably be 8ctht for the 30 - 100 meter depth. This is also the Zone where bonanza stones are most prolific.

Last year they mined 189990 tones at a cost of approx $6 they produced 5805 cts at 3.28 ctht giving $1927260. Cost was $1139940. Giving a mining profit of $787320. The figure of $6 would be much higher with this smaller throughput.

With a projected 300000 tonnes mined at the same 3.8ctht we get $3784800 with cost of $1,800,000 Profit almost $2 Million.

At 4.5cpht this would rise to $2.7 Million

At 5.5ctht this would rise to $3.7Milion

For labour cost 24/7 the $6 per tonne would not change as this has been calculated for a 24/7 operation.

I will throw my hat in the ring homebrewruss

305,000 tonnes at 5,5cpht giving approx. $11.985/ tonne profit = $3655425

Yes sorry calculated on to high a ctht. However also calculated on lower end of value without any new finds of higher value stones. Think we can assume that the profit for 2019 should outperform the present Market Cap. which seems a little bit strange to me. Looking forward to the promised 2019 projected numbers which we should have this month.

not to sure where you have that info from. The mine will be in profit this year with the throughput anticipated. If fact it could make a profit of around £6Million with the projected figures.

Maybe an approach from a group of long term holders may be an option. I am sure those who post on here have a fair % of the company in total. Which many have held for some time. I also feel that we have a number of very savvy people who are investors.
Like most I believe in the potential especially now they have done the ground work.

Just a thought.

Many thanks again to connie for feedback last night.

Thought that TT. Selling at these levels is a knee jerk reaction to the news this morning. Not real investors.

looks like they have decided that these pipes have now proved themselves and are going all out to empty them as quickly as possible. They stat the life of the operations here will be 10 years working on a 500,000 ton per year throughput. Looks like they are to try and progress this more quickly producing profits at a faster pace.

I will be expecting some movement on new acquisitions within the next couple of years. looks like MH has evaluated and is now acting on the mine plan.

Looking forward to some more large diamonds and some figures as to value to go with them.

From what I can find the first large gem quality Diamond they found was a 4.7 ct stone in June 2015. This sold for $3885 per ct a total of $18260.
It was not untill Aprill 2017 that they reported another significant find in when two stones where recovered of 9.5 and 6 cts. No value was given for these stones. in June of that year a 11.7 ct stone was recovered no value given whilst in November 2 recovered 9,07 and 7.76 ct The latter one being sold with a value of £$10091 per ct for a total of $78306.
2018 saw only one stone reported on 10.58 ct sold for 7047 for a total of $74557.

Now the real fun seems to have started with 2019. Already we have 5 significant stones. with an 8.97 and the 16.28 being the pick. they have already stated the smaller one is valued at over $50000. If the larger one is of a similar qality then we could expect $150000+ from it.

A great time ahead for Bluerock I think. 2019 could be our year.

Value of stone increases expotentially with size. 8ct went for $10,000 per ct. Could be looking at double for this one if of a similar Gem quality.