GREY:PGDIF - Post by User
Post by
ekimon Sep 19, 2017 12:37pm
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Post# 26714569
Where did evryone go?
Where did evryone go?
Not a single post today.
I suspect the drilling program as I know they have had snow on the ground in that region for a few days now.
Not sure if they sent the drilling sample to the SRC in multiple batches or one or two big batches at the end.
Either way...the SRC should have or be nearly in possesion of the drilling samples.
Looking forward to the results in the high grade zone that went straight through the pipe. More intersested in how they interptet the boundaries between the high grade and regular grade down to 500 metres. That high grade kimberlite is going to be selectively mined first in an underground scenario. Basically $1000 per tonne ore.
Only 4 drillholes to date released...I'm guessing anywhere between 6 to 11 to be released. 11 would be nice...but might be too optistic. Remember to date, they have focused on drilling to an indicated tonnage/volume level. They are headed to a PEA update..so if they fall short of that...they can still lean on an inferred tonnage/volume level at depth.
A bit ironic that Grutter and Pell are in botswana right now (with the every 4 year kimberlite conference) at the same time....PGD basically drops the Botswana exploration project in exchange for a royalty.
LONG...PGD
EKIM