Foward looking management7 Jul 2018 08:11
"Kareevlei‘s largest diamond so far has been 11.7 cpth, though analysis has suggested the potential for much bigger stones.
“If we pull out something exciting great but that’s not the economics” he says.""
The possibility is there and it would be a swift gamechanger.
“The key is to get Kareevlei cash flow positive at US$300 per carat, after that we have a low risk asset with 17 years left.”
Think this has been hit
"While Kareevlei might be the focus for now, Waugh does have wider ambitions.
BlueRock has one other asset, Jubilee, where some small scale bulk sampling has taken place but the plans are broader than just this."
Another game changer would be an acquisition to secure the future past 17 years of present operations. Hold tight we are in for an interesting time.
http://www.proactiveinvestors.co.uk/companies/news/186803/bluerock-diamonds-keen-to-build-on-its-little-gem-in-south-africa-186803.html