DiamondCorp's Lace project backed by robust economics says broker
WH Ireland has slapped a 12p price target on diamond group DiamondCorp adding its Lace mine has the potential to produce 0.5 mln carats annually.
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WH Ireland has slapped a 12p price target on diamond group DiamondCorp adding its Lace mine has the potential to produce 0.5 mln carats annually.
The SAMREC compliant definitive feasibility study (DFS) was based on average annual production of 1.2 mln carats over a 15 year mine life.
Diamondcorp today revealed further plans to help fund the development of the Lace mine in South Africa.
Firestone has recovered a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho and found an even rarer blue diamond.
Coloured gemstone specialist Gemfields more than doubled underlying profits last year as sales of emeralds at its quarterly auctions hit record levels.
Firestone Diamonds has made good progress in improving the quality and value of diamonds recovered from the Liqhobong mine, in Lesotho.
SRK Consulting estimates Kagem’s indicated resource at 2.75 million tonnes of ore, or an impressive 1 billion carats of emerald and beryl at 365 carats a tonne.
Gemfields this morning unveiled and updated JORC resource statement that points the huge potential of its Kagem emerald mine in Zambia and coupled it with an update outlining the robust economics of an underground operation there.
Northland Capital this morning repeated its buy advice and 10.2 pence a share price target on Stellar Diamonds after an upbeat presentation from the group.