http://www.merlindiamonds.com.au/resources/i/docs/press_clippings...

http://www.merlindiamonds.com.au/resources/i/docs/press_clippings/Minesite_NADL.pdf

Although above article is from 2006, it is fascinating reading and might give investors a BETTER understanding of the RISK/REWARD re-rating potential of Merlin Diamonds. In 2006 company MC was "a modest A$36 mill".

Everything mentioned in above article is relevant TODAY but with many positive additions:

- Estimated price of USD 350 @ ct.(not USD 140)
- Established that the diamonds can be liberated from the host rock
- We can easily recover sufficient fresh material from the pits & extract sufficient diamonds for sale to the market
- We currently have double plant production with both XRT plant & DMS plant operational.
- In the 2nd half of 2018, we will have the new scrubber from China & the new DMS plant from S. Africa.
- We now know that there is potential for fancy coloured diamonds, blues, greens, pinks, yellows etc.
- Much better technology to assist in discovering further kimberlite pipes
- 2012 JORC resource of 28 million tonnes ! with plenty of upside potential !
- Sufficient ore currently for 15 years+ production.

Very probable that within 6 months, MED will be running TWO shifts doing a minimum of 80kt per month.
Using ore from the Ywain, Gawain & Ector pits you could average 20cts+ per ht giving you 16,000 cts diamond production a month, approximately A$ 8 million sales revenue per month.

Many non-believers & knockers out there. I don't blame you based on the info & lack of reporting from the company.

This is ALL about to change. Stay tuned & watch this space.
Zipp downside from the 0.5/0.6c level & HUGE upside potential.
MC of a billion dollars (my guess 12-18 months from now) translates to a 30 cent+ share price. 50 BAGGER from here.

Not a bad risk/reward punt !