RE: More cash7 Feb 2019 16:52
The 700k they raised in November should more than cover costs. With grades of 2.5 cpht they expect to be profitable by Q3 but grades are much higher so should reach profitability before that. Also that is with an estimate of usd355 per carat but they can get usd10,000 per carat for the larger stones. With a 5 cpht at usd355 per carat they are predicting a USD 12m net profit per year.