The appointment of Tom Reddicliffe for the planning, design and procurement of the processing plant equipment is a positive given his extensive background and experience at the Ellendale,Argyle and Merlin diamond deposits. I still think the broader market is blissfully asleep on the merits of POZ and Terrace 5 . Below is a screenshot collage from the recent presentation and if one uses some fairly conservative and modest quantities of diamonds produced and price assumptions eg 2 million carats x AUD$250/ct then we see: 2,000,000 cts x $250 = $500M......
yes that's correct a conservative estimate of $500 million as the grand prize against POZ's current MC of only $17.5M .That ought to give an indication why having a long term position in POZ is in my humble opinion a smart move. The amount using figures from their higher estimates is even more outstanding ....
3,000,000 cts x $300 = $900M !!!
POZ Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
