GREY:PGDIF - Post by User
Comment by
xDeBeerson Jun 27, 2014 10:59pm
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Post# 22702561
RE:RE:RE:Phase-1 Mine Definition next few months
RE:RE:RE:Phase-1 Mine Definition next few monthsWell De Beers Canada knew that the average length of time for a Canadian diamond mine to come on line FROM DISCOVERY was over 10 years. We developed an ISO 9001 procedure that would attempt to reduce this to less than 8 years. Here we are 8 years after the discovery of CH-6 (or is it more??) and still not pulling the >$3B out of the ground.
Alas Peregrine are doing the right/same things De Beers would do. They started the environmental base line studies a long time ago (they even backfilled CH-6????). They also have the logistics guy working on the future.
The key to this being possible (but a certainty) is that the plant will likely be scalable and could start small.
If this was South Africa, they could do it in 4 years. Being the sub artic, it will be a stretch target.