In my opinion, the company should be starting with fresh ore from Ywain & Gawain pits which historically graded 60 and 31 cts pht respectively.
This would give them strong positive cash flow within a few months.
There is sufficient ore from these two pipes to last at least a couple of years.
The coloured diamonds (green/blue/red/pink) is more of a fluke occurence and will be more abundant in size and quantity once the company starts churning through VOLUME. I guess that this will only happen once the new SCRUBBER from China and the NEW DMS plant from Sth Africa arrive later in the year.
Hopefully, the company will start letting the shareholders know what is happening out at Merlin !
MED Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
