GREY:THVDF - Post by User
Comment by
Zerosumon Dec 31, 2014 12:14am
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Post# 23274552
RE:RE:Rollback
RE:RE:RollbackNice to see DO27 and surrounding claim rights rolled into Thelon Diamonds and distributed to existing THC shareholders. Thank you management - worth the wait. Grade as we know it is not stunning at DO 27 but there will be further development there I'm sure. General Diamond industry metrics point upward. Claims are in a great neighborhood. They did not have to do it this way but I think it's the smartest way to realize locked up value from DO27 and surrounding area.
Eric Friedland's PGD has the BHP data sets on the entire area and more. Perhaps it will become more than future mill feed for DD in Lac De Gras.
Borrowed from John Kaiser's reseach online :
Valuations delivered in December 2007 came in with a range of US $43-$70 per carat, Even in a best case scenario of an 89 cpht grade and $70 per carat value, the rock value worked out to only $62 per carat. A preliminary tonnage estimate in the range of 20-25 million tonnes, which suggested an in situ diamond resource worth $1.6 billion. Given the enormous capital costs of developing a major diamond mine in the Arctic pushing $1 billion and involving many years of permitting, and operating costs of $45 per tonne or higher for open-pit mines, DO27 appears dead in the water as a standalone mine.