GREY:PGDIF - Post by User
Comment by
Kidlapikon May 05, 2016 10:40am
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Post# 24844140
RE:News Link - from PGD’s Website – PEA Date
RE:News Link - from PGD’s Website – PEA Date15.62 million carats
9.63 million tonnes
Depth of 240-260m only, open pittable.
CH-6:
11.39 million carats at $213us/carat =$ 2,426-million
4.64 million tonnes at $75/tonne = $ 348-million
CH-7:
4.23 million carats at $113us/carat = $ 478-million
4.99 million tonnes at $75/tonne = $ 374.23-million
Pretty easy to see where the real money is. Just in open pit mine you have over $2.2-billion US profit that is a lot of room to cover your start-up capex and still turn a very healthy profit. You could spend $600-mill. on the mine, $200-mil on a road and still have $1.4billion US profit. Just from open pit.