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Ueberbruce

44 Posts.

05/01/18

10:35

Post #: 30062744

Originally posted by dpdebrec ↑

I have been playing the markets for the last 40 years & remember well Gutnick's heydays.
I have posted here before and reiterate that there is NO ONE in Australia more qualified than Gutnick t0 bring the Merlin mine to its maximum potential.

The only question is where will this company be capitalised in 3-6 months and later.
Depending on extent of success, I believe we will be looking at an initial range of $100-200 million (3.5 to 7 cents) with potential to build a billion $ company. Let the short term traders take their quick 60-100% profit. But I am happy to wait for a potential 10 to 50 bagger !

There is no question that there are plenty of diamonds in THEM hills. Gem quality, many different color diamonds.
We are operating in a country with NO sovereign risk.
There are 14 known diamond-bearing kimberlite pipe vents on the Merlin mine lease (MLN 1154). Ashton Mining Ltd and RioTinto Ltd have previously mined ten of the kimberlite pipe vents via nine open pits.

The company has many additional areas that have not been exposed to modern day exploration technologies. How many more diamond bearing pipes are THERE to be found.

The quicker we have substantial SUCCESS and access to MONEY, the quicker Gutnick will unlock the massive potential of this company.

Expand

It is well to remember that this site was operated by Ashton Mining and here is their Share Price on the Rio Tinto Take-over !

Column 1 Column 2 Column 3

0 ASHTON MINING LIMITED

15/01/1981

1 ASHTON MINING NL

15/01/1981

Shareholder links

Company details
Address:
Tel: Fax:

Company Secretary:
Sector: Industry Group:
Activities:
News & Events
Expand this box to read and print

Column 1 Column 2

0 taken over by Capricorn Diamonds Investments Pty Limited (a subsidiary of Rio Tinto Limited)

13/12/2000

1 we understand Rio Tinto won the battle (with De Beers) for control of Ashton Mining after it secured Malaysia Mining Corp.'s 49.72% stake in Ashton and upped its takeover offer for the company from $1.85 a share to $2.20 a share

	Column 1	Column 2	Column 3
0	ASHTON MINING LIMITED	15/01/1981
1	ASHTON MINING NL		15/01/1981

	Column 1	Column 2
0	taken over by Capricorn Diamonds Investments Pty Limited (a subsidiary of Rio Tinto Limited)	13/12/2000
1	we understand Rio Tinto won the battle (with De Beers) for control of Ashton Mining after it secured Malaysia Mining Corp.'s 49.72% stake in Ashton and upped its takeover offer for the company from $1.85 a share to $2.20 a share

MED Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held

3 Upvote

0 Great analysis

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Next Highly Profitable Diamond Mine, page-2

Top Stories

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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