GREY:PGDIF - Post by User
Comment by
Durkastanon Nov 22, 2010 12:28pm
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Post# 17739459
RE: CH7 TOUGH CALL ....
RE: CH7 TOUGH CALL ....Perhaps your comparison between DO27 and CH-7 is fair. However, DO27 is an isolated pipe, which is why it is not justifiable to spend the CapEx to mine it.
Chidliak offers a field of kimberlites, making the economics of mining CH-7 that much more attractive as part of a comprehensive mining plan.
If they find no other economic kimberlites, you could be right that CH-7 on its own is uneconomic.
However, I'm betting that this won't be the only pipe with impressive quantities of diamonds. CH-6 is right next door, and CH-28 and 31 are also very close.
33 other microdiamond samples might also soon have a part to tell in this story.