GREY:PGDIF - Post by User
Comment by
schocoron Jun 15, 2017 11:27am
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Post# 26366236
RE:RE:RE:RE:If Chidliak is such a great discovery
RE:RE:RE:RE:If Chidliak is such a great discoveryCudjo - I have read Ekim's post a couple of times and don't understand where you get 20-30 years from? Can you help me reconcile his post to your statement? Do you own stock in PGD? My guess is in 30 years Childiak will be mined out - or on its way there. There is 5 years of current production at the Lac de Gras fields and 10-13 years total production at the Lac de Gras Fields (one Gaucho Kue ends). Alarosa is alrosa, DeBeers African production is stable - I don't see the other mines coming online in 5 years to fill the gap. With the changes afoot in the Canadian diamonds market at the moment we will see the emergence of new players - or a sad old zombie Dominion that needs to add some pissaz. In mining as in life I consider this to be true; things take longer to occur than you ever thought possible - and then take place quicker than you ever thought possible.