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Yogi , thanks again , some great info that folk have most likely forgotten about it’s been that long ago ,as you say how much is all Rio’s shared info worth and we sit at a £2m m/cap , folk are going to miss out here at some point soon imho , when news comes this should rocket , 35p conservative just for initial Lahtojoki area , nothing else , you have highlighted all other areas in Finland , then NI which stevehoops has mention could be very exciting indeed , hopefully news on permit this week and we are off ,Global events seem to have KDR in just the right position at the right time , coloured fancy gems , nice .Bol all
Https://www.sfa-oxford.com/platinum-group-metals/pgm-market-reports/biannual-pgm-market-outlook
PGM IN NI
So undervalued it’s extraordinary the sp is where it is , going up on even small buys , when news comes it will be lovely to watch , folk might not even get a chance , jv or straight T/O and it rerates to double figures easy , do your research , 90,000c/pt outstanding, let that sink in .
Life changing , Bol all
It may be of zero significance, and it may just be a tokenistic appointment, but to have Seamus FitzPatrick (who is the founder of Capvest - a multi-billion euro private equity group) appointed as "Deputy Chairman" of Karelian Diamonds is a very an interesting one. He is one of Irelands most successful and wealthiest businessmen.
Just a reminder
https://www.middiamonds.com/the-diamond-blog/could-finland-be-the-site-of-the-next-diamond-motherlode/
This is from a 2013/2014 article i read.....It just highlights the bonkers market capital of KDR again. KDR were given 10s of £millions worth of exploration work for free from Rio Tinto. Noting is currently built into KDRs market capital.
" The agreement signed with Rio Tinto in July 2010 allowed the company access to Rio’s entire Finnish exploration database. The thinking on Rio’s part was that diamonds in Finland were distinctly non-core, but that there were nonetheless plenty of tantalising hints as to the region’s prospectivity. So why not allow a hungry junior explorer access to all information gleaned to date, and retain an interest if any real value is created? On Karelian’s side, the amount of data that came in with the Rio deal would have cost tens of millions of dollars and saved it huge amount of legwork. And, after duly sifting through it, Karelian subsequently applied for several licenses."
A reminder of Seitapera, from an old article... The KDR geologist believes this has high grade areas, and possibly large stones, given many were 60% broken.....
Seitapera is the biggest kimberlite in Finland. It rings in at a healthy 6.9 hectares, which, for those educated in old money, equates to around 17 acres. In Finland, though, diamond geologists are still scrabbling around following railway trains and puzzling over the distribution patterns of garnets. The country is not yet established as a major diamond territory, despite showing lots of potential. So how does Seitapera shape up in the wider context? In any comparison it's worth stating at the outset that Seitpera is never going to get near Jwaneng, which is marketed by its owner De Beers as the world's richest diamond mine, and which covers a whopping 54 hectares. Nor is it as big as the leading De Beers kimberlite in Canada, at Victor, which measures 15 hectares. But it is bigger than all of the three pipes which comprise Rio Tinto's Diavik mine, also in Canada, which range in size from 0.9 to 1.6 hectares. It's also bigger than Diamondcorp's 1.18 hectare Lace pipe in South Africa, and bigger too than AK6, the 4.2 hectare kimberlite pipe in Botswana that John Teeling was muscled out of by Lucara Diamond Corp not so long ago. And bigger than the 0.85 hectare Droujba pipe in Guinea, which is currently being drilled by Stellar. But then again, not as big as Grib, which lies across the border in Russia, and which measures up at over 14 hectares at its greatest width. So, while it's not the biggest around, Seitapera is no slouch.
The Lahtojoki full mining permit was expected by end of December 2023, according to AGM sources, but we are still waiting on it. It has to be close now.
Here is a post to cure the boredom of waiting shareholders...... I suspect everything will change for KDR and its shareholders after permission granted. It will be the most important moment in KDRs long history. Bigger than anything achieved at cgnr. The rerate in the KDR share price that will follow this news is inevitable. It will be a hugely transformational moment for KDR and kickstart Finlands diamond mining industry. Many companies will be coming. Finland knows this and Finland has quietly made preparations for their arrival. How KDR, a tiny 2/3m capital company have ended up in this position in Finland is astonishing. Rio Tinto's diamond big boys are Scandinavia bound and they are not there for the skiing. What about DeBeers? Are they also going to be after a piece of the pie, will the pie be sliced in two/three, or are Rio Tinto looking to secure the whole pie.
KDR have
Lahtojoki + Lahtojoki South - Diamondiferous - PINK DIAMONDS + BLUE DIAMONDS....$$$
Kuhmo - Anomaly 5-Diamondiferous - GREEN DIAMONDS.....The expected motherload***
Seitapera - Diamondiferous - High Value Diamonds - Larger stones - read historical news releases...6.9ha pipe
Riihivaara - Diamondiferous - Ask yourself why spend so much on Riihivaara and not confirm officially that it is diamondiferous- Rio Tinto gave Riihivaara a high category rating after analysing its results and paying for the work. ssshh!!
Liperi - Yellow Diamonds confirmed- What else is there- likely held at Rio Tinto's request, but for KDRs benifit too.
Salla - Even more SSSHH!.....also highly likely held at Rio Tinto's request, but for KDRs benifit too.
Jappilla - We should find out my March.....similar to Northern Ireland
Northern Ireland.....ODM said the early results were off the scale and some of the best they have seen. we dont know much, only that its causing great excitement.
I cannot find another diamond exploration company in the world in the kind of position that KDR find themselves in. How on earth have they managed to do this and keep a lid on it.
Major Diamond companies pay hundreds of £Millions for economic diamond discoveries because they are so rare. KDR appear to me to be sitting quietly on a new "province" of future diamond mines. Major diamond companies will pay huge money for this. KDR would be worth hundreds of millions overnight, which is nothing short of miraculous for a £2/3m cap company . If Mining Permit is imminent, then odds are that every thing else follows shortly after. Remember It appears to be all fancy colour diamonds, so way more valuable and they will have a mark on them as Finnish diamonds, meaning premium value. No conflict diamonds here.
Fantastic summary Yogi1, all that for a 2.5m m/cap , ridiculous, folk will kick themselves when this eventually starts moving , it really could be last chance at these prices , can you imagine sitting on sidelines trying to get in , hopefully not long .
Yogi, are you with Hall comms.