GREY:PGDIF - Post by User
Comment by
Kidlapikon May 22, 2016 1:19pm
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Post# 24896362
RE:RE:RE:RE:Let the games begin
RE:RE:RE:RE:Let the games begin15-million carats at a depth of about 260metres valued at average of $200can = $3-billion Canadian open pittable. Research the depth diamond mines mine to, research the start-up costs of various diamond mines in Canada costed and tell me this wont happen.
Mine itself: 1-million tonne processing annually for 2.45million carats annually = $400-500mil
Infrastructure: 120km road, either seasonal or year round: $50-mil seasonal $120mil year round
Chidliak Open pittable resource equivalency in gold: 10.5grams gold per ton or $420/ton , 2.3million ounce resource, large upside potential. Would have to mine 2.6tonnes per Ounce of gold.
Kaminak Coffee Project sold for $520-mil: 1.5grams gold per ton or $60/ton, 2.157million ounce resource. Estimated mine start up cost of $317-mil. with cost per ounce of $660can/ounce. Would have to mine 18.6tonnes per Ounce of gold
Used 28grams per ounce for the comparison. I dont understand what we are even debating here anymore. It is clearly a mine. If you are still here you believe it will be a JV or partnership, if you have left you believe it will be a heavily dilutive in-house financing and you dont have the funds or the patience to participate.