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.
Paragon Diamonds (PRG), the gem exploration and development company floated on AIM by the abrasively entrepreneurial Frank Scolaro, expects most of the stones it receives from its flagship Lemphane kimberlite diamond pipe in the southern African kingdom of Lesotho to be uneconomic. Even so, the company believes there will be enough high quality diamonds to make this project a real money spinner.
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