Post by
oiltar on Oct 16, 2015 3:15pm
Won't take much
JK says Chidliak won't go for less than $500 million.
DDC in inmy view the prime bidder as the ore quality in Diavik and Ekati are droping big time.
DDC can not mount a bid at 17 cents, but if some NR rockets the shares to 56 60 cents ( not out of the question over night in a resource play),then DDC could start with $1 bid.They will not likely get it unless the raise it.MAKE NO MISTAKE ABOUT IT DDC IS INTERESTED IN PGD.
Comment by
Kodiboy on Oct 16, 2015 3:24pm
Whomever is interested and I'm not saying there is or there is not anyone, they are basically buying it from the Friedlands, so what would it take for them to sell in the not so distant future?
Comment by
mill44 on Oct 16, 2015 3:26pm
My estimate has been 500mill, minimum, as well. And that's where I see the problem for a takeover. That is not cheap, especially as a takeover. A JV at 100mill or so makes a lot more sense for the other side. Reduces the risk considerably but leaves a nice potential for a serious upside.
Comment by
Kodiboy on Oct 16, 2015 3:28pm
Is Peregrine worth the same as Stornoway?
Comment by
oiltar on Oct 17, 2015 8:48am
Kodiboy SWY is gradiing 1/4 ct per ton.Big difference with PGD.
Comment by
redarTneJ on Oct 17, 2015 1:48pm
Doesn't matter is PGD is grading higher. It's in the middle of no where with no infrastructure. SWY at least has buildings and access of some kind. PGD is dead in the water until diamond prices triple. Sorry to the bag holders but it's time for a dose of reality.
Comment by
ekim on Oct 17, 2015 2:22pm
3x diamond prices could equate to $3k per tonne rock value. $10 billion insitu in currently published inferred tonnage for ch6 at those prices. Near surface open pit low overburden. Wow. Thats what it takes to turn this into a mine? Eh?Upside is endless once diamond prices start rolling. Long...pgd...ekim