GREY:PGDIF - Post by User
Post by
Kidlapikon May 24, 2018 11:12am
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Post# 28075235
Future potential
Future potential
This new PEA is great sure but this is not the full picture by a long shot. The old PEA included 11.6million carats(mc) which represents about a 75% reduction from total carats inferred at the time. So that would be 3.2mc from CH-7 and 8.4mc from CH-6. The new PEA includes 16.7mc and because the only additional work done was on CH-6 lets say all the additional carats came from there. That would bring the total carats included in the PEA from CH-6 to 13.5mc. CH-6 total inferred carats published to date is 18mc with TFFE of between 2.63-5.66mc. That means this PEA does not include between 7-10 MILLION additional carats from CH-6 down to only 540m and is open to depth below that. Nor any additional input from CH-7 below known depths and without breaking all the big diamonds. This is a nice addition and already has an NPV of $680mil but there is still an incredible amount of potential in just these 2 of 8 kimberlite pipes with economic potential found to date.