GREY:PGDIF - Post by User
Comment by
Kidlapikon Feb 01, 2014 2:15am
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Post# 22161392
RE:RE:From Will P stockwatch
RE:RE:From Will P stockwatchMTX
Over 75% Gem quality diamonds.......the % he got this from is a 15.95 carat parcel that was looked over by an expert from antwerp that was picked from a sample collected from 374 tons of rock after substantial overburden drilling, at a roughly 0.24cpt rate . This result is leading to a 10,000 ton bulk sample aimed at collecting a 1,000carat sample for valuations.
Also -1 for the bad website https://www.metalexventures.com/
PGD
- BHP & De Beers walked, cant argue with that.
- Collected 1124 carats in a 402ton sample at a rate of 2.78cpt. Coarse size distribution exceeding that of U2 results.
- Located 120km from Iqaluit, the capital and largest city in Nunavut. With substantial local support (I live here), with a mining friendly (and mining knowledgable) Premier and several key personalities of Nunavut being share holders of PGD.
- Don't understand how you figure 2.78 grade with coarse size distrubtion at 5.7ton to a depth of 375 metres is 100% not economical without valuations. Dont agree.
- Dundee/Goodman dont have the cash to bring this to a mine so maybe they are selling to invest in MTX as they now 51% partners in that project? Fine.
- De Beers terminated the JV results BEFORE bulk sample results as per the very well negotiated JV agreement made by PGD management.
- Quality website: https://www.pdiam.com/s/Home.asp
OH SHOOT I didnt mean to post this here.....man im so tired....