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  • BY: Andrew Hore |
  • POSTED: 28/08/2014 |

DiamondCorp expects to start generating revenues from the Lace diamond mine in the first half of 2015and it could move into profit in 2016. 

DiamondCorp does generate income from tailings but this is capitalised, along with related costs. There was 550,000 capitalised in the first half of 2014.

The cash outflow of 4.44m for the first half of 2014. Fundraisings in the period meant that there was 7.32m left in the bank at the end of June 2014, although net debt increased to 16.5m.

At 7.25p a share, DiamondCorp is valued at 23.4m.

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