Diamonds & Specialty Minerals Summary for May 7, 2015
2015-05-07 20:36 ET - Market Summary
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Hi Will,
You say that "Mr. Evans also likes to use the appraised diamond values, not the modelled estimates used in the feasibility study." The numbers we used in the news release are in fact the modeled values, escalated by 1.5%, not the appraised values. Just for clarity, the modeled value is $118 per carat, the modeled value escalated is $149 (the number I use) and the appraised value is $182.
Patrick
Posted by Patrick Evans at 2015-05-08 16:00
Hi Patrick:
In the feasibility study, yes.
In Mountain Province's latest (and previous) presentations, no.
See slide 4 of your April 2015 presentation.
So, just for clarity. $118 US is the modelled diamond value. The rosier $149 US value is the escalated value used in the feasibility study. The $182 US value is the appraised value that Mr. Evans "likes to use" for comparative purposes in his presentations.
Don't get me wrong: I certainly understand why you like to use it, and I also understand it could prove to be accurate, if those large diamonds appear with a greater frequency than they were modelled to arrive.
Cheers,
Will
Posted by Will Purcell at 2015-05-11 10:09
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