GREY:PGDIF - Post by User
Post by
oiltaron Mar 10, 2015 4:21pm
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Post# 23506951
Stunned
StunnedIf the CH-7 is 5ct per ton then its value if the same as CH-6 is over $8 billion.The CH-6 is likely 15 million cts @ $250 worth almost $4 billion.
Combined this tiny 15 million tones of ore its worth nearly $12 billion
This is very fast shaping up to be the highest profit diamond mine in Canada and likely the world now.
Its clear Debeers dropped the ball here.I fully expect the IRR on this mine over 50%.It would not be out of the question for PGD to go striat to F-study and skip the PF and PEA.
The shares of PGD are so much more undervalued than Friday.