Peregrine Diamonds Ltd. PGDIF

I would expect closer to 1 billion capex

[MrBigger]

for a mine in that remote location. Look at SWY and MPV/DeBeers How long for environmental studies, public hearings, etc??

[schocor]

Nunavut is much easier to permit a min in than the NWT. The Nunaluvuit government is easier to deal with than the various governments and banks in the NWT. IN the NWT you have to go through multiple enrivonmental asessments - but this is less so in Nunavut. As for the cost to construct a mine debate - you need to know what you are constructing become putting a price tag on it; what size of mine is

[Kidlapik]

Also this is not like NWT with so many # of aboriginal groups with overlapping claims and each one having to be bargained with separately. For one this is on Crown Land not Inuit owned land and for 2 if they do get into an Inuit Impacts and Benefits Agreement its done through a regulated process and only has to be done once. As far as consultations with communities, they do that every year and

[ekim]

It is a bit of a problem. A lot of well versed investors assume the worst with a northern project. North is bad. It is remote, it is expensive, it is horrible. Not putting a single dime in it. I've already heard that the capex is closer to $1 billion and operating costs are at least $130 per tonne from posters. Diamond mining and processing is on the simple side of the mining world

[Kodiboy]

Very well said Mike. Us Canadians are a hearty group, you'll probably see a Tim Hortons built next door to the mine!

[Kidlapik]

Iqaluit has a Tim Hortons ;)

[Kodiboy]

Kid...I mean right next door :) tims anywhere works for me! hey maybe they could inject some cash into Chidliak and have a new NHL franchise to boot! Mill behind the bench, as a water boy! Cudjo as the trainer picking up after everyone and wrapping ankles and such. Oiltar (James) as the ad man promoting season ticket sales. Ekim (Mike) as the referee keeping everything under control. and

[TheGreatBilecki]

This post has been removed in accordance with Community Policy

[xDeBeers]

This was always going to be a mine so baseline environmental studies began 5-6 years ago.