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CMKX II new Thread. Get it while you CAN !
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[QUOTE]Originally posted by baseballmaster: [QB] Interesting article on stockwatch.com about another mining company in canada. Please read ..all hope is not lost on CMKX like some want to believe. There is a risk in coming up with diamond valuations based on small parcels, as the result can be heavily skewed by luck. For instance, De Beers Canada Corp. came up with a modelled diamond value of $97 (U.S.) per carat for a richer portion of the No. 141/140 pipe in the Fort a la Corne district of Saskatchewan, but the actual appraised value of the stones was less than $33 (U.S.) per carat, based on a parcel of just under 100 carats. That result is typical of small parcels, as the bulk of the value within a diamond deposit is contributed by comparatively few stones, and it would logically take a large number of carats to adequately sample that population. Typically, representative bulk samples for valuation purposes have typically recovered between 3,000 and 15,000 carats. Things can occasionally work the other way, as a single diamond can dramatically inflate the appraised value of a parcel well beyond what modelling would suggest is reasonable. For instance De Beers modelled the value of the diamonds in its Hearne pipe at about $65.50 (U.S.) per carat, based on a 914-carat parcel recovered in 2002. That would imply that the diamond haul was worth a bit less than $60,000 (U.S.). That same parcel had contained a single 10-carat diamond that was appraised at $60,000 (U.S.), which De Beers apparently believed was an outlier. [/QB][/QUOTE]
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