GREY:PGDIF - Post by User
Post by
Kidlapikon Aug 24, 2014 5:18pm
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Post# 22873138
What we know, what is inferred.
What we know, what is inferred.CH-6 has 7.47 million Carats in 2.9million tonnesto a depth of 250m(open pittable). With an additional 2.60-3.47 million tonnes additional estimated tonnage. Keep in mind that is CH-6, that does not include CH-10 or CH-20 "string of pearls".
CH-6 bulk sample came back with a grade of 2.58cpt(Carat Per Ton) and had a $213(US) average value per carat.
CH-6 Modelled price was from $162-238(US) per carat.
CH-7 current holds a grade of 1.04cpt. Estimated tonnage range from 2.75-3.97million tonnes to a depth of 280m.
CH-44 tonnage estimate 1.16-2.05million tonnes to a depth of 230m.
The micro diamond results for CH-44 and CH-46 are in line with CH-7.
Yes this is a speculation play, most junior mining is. Given what we know and what we dont. CH-1 grade/tonnage/value, CH-31 grade/tonnage/value, Area B, Anomaly 645, CH-6 Corridor and what the future holds for DO-27 my belief is that a market value of $60million is very low. Especially when you stack PGD assetts agaisnt the assetts of the other diamond players in Canada.
Personally I am not ready to cash in my chips until I see this bulk sample, and I am willing to bet that what is inferred is actually what is there. Let everybody else read the Feasability Report before they decide and pay the premium because they dont want to expose themselves to risk.