This was a 13 carat stone.
What would a 30 carat rock of similar quality fetch per carat. I would guess closer to USD 20k per carat i.e. USD 600k which is about A$750k.
These gem quality stones are not a RARE occurance at Merlin !
Bring on the Tomra machine & Merlin will take on a completely different complexion.
It is quite easy to rack up millions in profit when you spit out these gem quality stones.
The Company might be right when they said recently that they hope to declare a DIVIDEND during the 2018 year.
The Gutnick factor will soon be a positive for the stock NOT a negative.
MED Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held