By Robert Tyerman | Saturday 3 October 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Gem hopeful Paragon Diamonds (PRG) has lined up private South African mining investment group Acrux Resources to provide a $15 million (£9.9 million) financing and revenue-sharing package for the purchase and development of the Mothae kimberlite prospect in the southern African kingdom of Lesotho, holding an estimated 39 million carats with 2.7 carat per hundred tonnes of rock.
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