Can only imagine types of fancy diamonds to come with fresh ore from 5 new pits $$$$$. Dividends in 2019? Merlin shaping up to be the up and coming major pink diamond supplier with the closure of Argyle on the horizon.
Argyle currently responsible for mining 90% of the world supply of pink diamonds and will cease operations in 2020. Current price of pink diamonds skyrocketing with light pink fancy fetching up to $220,000 per carat will mean massive margins if Merlin continue to find pink diamonds in quantity.
MED Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held