Very interesting time to be a holder of MED, and not a bad price under 1c IMO.
- Clear production ramp-up in the works, other Australian diamond miners are in the infancy of exploration (excl. RIO)
- LOM have their Australian based Brooking project but their focus and resources will be on the Mothae/Lulo projects overseas for the next 12 months minimum
- Argyle closure in the next few years, MED mine has confirmed coloured and high quality white diamonds found
- MED Kimberly tenements unexplored
Will be interesting to see what happens with RIO's diamond portfolio post Argyle.
MED Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held