One of the Most Undervalued Stocks on ASX

I have just spent a few hours re-doing my calculations on Merlin. I am in a state of shock & will be liquidating some other positions in the market & increasing my family's holding in MED.
If we were to accept the following assumptions:

1. The previous JORC figures which are based on Rio-Tinto work done between 1999 & 2003.
2. That the Tomra XRT plant will be suitable for the Merlin ore.
3. ONE Tomra plant can sort 1,500t per hours.

Based on ONE Tomra plant operating 24hours/7days allowing for 10% down time, we are looking at processing over ONE million tons per annum. Anywhere between 100-200k carats. If we take an average price of A$500 per ct, we are looking at EPS of between 1.5 to 3 cents based on 3 billion shares on issue.

With TWO Tomra plants, just double these numbers.
The current JORC numbers for Reserves & Resources of approx 30 Mt for 4.35Mct would provide feed for TWO Tomra plants in excess of TEN years.

What will Gutnick achieve with MONEY behind him. How much more exploration success will he achieve with modern day techniques. We are sitting right in the middle of a diamond province.
I would not be surprised to see 4 Tomra machines operating in 12 months time.

Everyone should do their own calculations.
If I am correct, where will the share price be in 3-6 months time.

What the market will need to see before they start waking up is 2-3 months of steady diamond production figures.

I am not taking into account any of the large (50ct+) or special coloured stones.

Watch this space !