GREY:BHNGF - Post by User
Comment by
shambanoon Apr 17, 2006 9:00am
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Post# 10690077
RE: ##WAWA SAYS-PELE/GOLDCORP/FESTIVAL##
RE: ##WAWA SAYS-PELE/GOLDCORP/FESTIVAL##A bit of everything I imagine.
Wawa diamonds are lower grade but if the tonnage is good and diamond value is also good and cost to process diamonds is low, then GEM will have a good chance at progressing Festival to the next phase.
It has taken a longer time to process this 500 ton sample that I expected and I think longer than the company also ever expected, so it sounds to me that it's a little tricky removing the diamonds from the Wawa ore without damaging the diamonds.
I give it a 40% chance to succeed, but that's just me with a limited knowledge of diamond mining.
But don't forget GEM has many other plays besides Festival as well.
Cheers and good luck all