GREY:PGDIF - Post by User
Comment by
robybobon Apr 07, 2016 10:40am
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Post# 24740556
RE:RE:RE:almost 2.5 billion in diamonds in CH6
RE:RE:RE:almost 2.5 billion in diamonds in CH6CH6 has 2.5 billion in diamonds that can be extracted economically. We were all surprised by a 33% increase.
Look at ch7
"The CH-7 kimberlite, located approximately 15 kilometres southeast of CH-6, has a surface expression of approximately one hectare. Key results to date for the 2015 Resource Development Program include diamond grades for large diameter drill samples (stated at a 1.18 mm bottom cut off) ranging from 0.76 to 1.31 carats per tonne for the five major geological units in CH-7 (see January 12, 2016 news release), and a base model average price of US$114 per carat, ranging up to a high model average price of US$155 per carat for 735.75 carats valued by WWW (see March 8, 2016 news release)."
This will be coming out in May, CH6 has a positive MATERIAL impact on a PEA, CH7 no doubt will also do the same, what kind of increase can we expect when we were all expecting an increase?