It is not so much it is a loser deposit, but diamond exploration is very difficult and very expensive and very time consuming. Finding kimberlites is hard; finding profitable kimberlites is near-impossible. At $21M market cap, the company is simply too tiny to attract interest. It is going to have a continual need for more capital, even without the billions of dollars it might need to build a mine. This is even before considering permits and environmental objections. Simply being public is a big cash drag. We would consider it far too risky to endorse.
5i Research Answer: