GREY:PGDIF - Post by User
Post by
Kidlapikon Feb 17, 2017 8:11pm
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Post# 25864203
PGD
PGDFor anyone new to this stock, and by new I mean within the last year. Here is the current situation. A PEA has come out that, IMO, is very positive and reflects the fact that this is a great deposit and WILL be mined.
Currently the Friedland brothers own roughly 47% of the company and if you are not familiar with them you should probably make yourself so. We are effectively already joint ventured with them. PGD has a very rich deposit in a development friendly country just 100km from the capital of Nunavut, Iqaluit. A city of roughly 10,000, mostly government workers, that is in dire needs of additional income as it is currently broke yet has by far the most infrasture, most educated and most modern urban area in Nunavut.
I believe that the markets underestimating the benefits of the location of this development is the single biggest reason our share price suffers. If this same deposit was located virtually anywhere in the North West Territories we would easily be $200-300mil+ or 0.58-0.88c/share due to the proximity to other operating diamond mines and more infrastructure. Yet this would not even be the first active diamond mine in Nunavut, see Jericho mine, which was in a far worse location for shipping/infrastructure and had a terrible PEA/grade/valuation.
We have the single greatest mine promoter of our generation personally owning 25% of the company, a rock value of $500us/ton in CH-6, a 72% margin, a meager $480million capex with a pre-tax cash flow of $1.2billion in LITERALLY the tip of the iceberg of the property and yet for SOME REASON 2 out of 3 posts on this board seem to feel that management is either 1.unwilling 2.unable 3.Too incompotent to be able to bring this to production. IVN was 0.55c/share in January, Robert said the market will be proven wrong and the short sighted will suffer. And they did. Don't bet agaisnt the Friedlands, and dont bet agaisnt the ability of this management to deliver when they are armed with a PEA of that caliber. Silence is golden.