GREY:PGDIF - Post by User
Post by
xDeBeerson Feb 26, 2014 6:33pm
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Post# 22256118
Good news, but the market didn't think so. Priced in $200/c?
Good news, but the market didn't think so. Priced in $200/c?Been working on an African diamond project, so AWOL for a while.
Well we have a multi-billion US dollar resource concentrated in a very small footprint. I know of no geological commodity that is worth billions packed into such a small space. 1Ha in this case. (...like what Ekim said).
Thus, as I have said before, it is my opinion that PGD will go it alone (open misere) and go all "African" on the mine setup. Smaller plant and much lower capital setup costs. Faster and cheaper setup than the $500-$700M bandied around. Once again, Iqualuit is an alright place to develop a mine. I've been there several times. Kidlapik lives there.
So when Eric says he wants to develop a mine in 4 years, this is what I think he has in mind and what the PEA will show. If the upside in CH-6 to depth, the string of pearls, Area B and other diamondiferous pipes is realised, then a parallel plant can be brought in, if even necessary. The cash flow may show it is not.
Plus Kidlapik is going to take a voluntary pay cut to reduce costs so that this mine proceeds!
More to say, but have to get back to work for now....