RE:RE:It sold for $120 millionThis is where the dilemma comes in.
Focus on the whites and market the whites.
So far, we have focus on highest grade...cause that gets you to quickest valuation..hence CH-6.
Second, focus on next high grade...cause again that gets you to the quickest 2nd kimberlite valuation..hence ch-7.
Ch-7 is about 80% white or off white stones.
CH-6 is about 75% white or off white stones.
..and we know CH-7 coughs up big stones. 6 carat stone ina 50 tonne sample.
This year we figure out if CH-7 beats, equals or trails the modeling curve for ch-6 valuation.
All info points to the ability to beat the valuation curve. If we get $300/carat valuation out of CH-7...that is huge.
Now the dilemma.
CH-1 has lost its luster because of grade...but the diamonds it has produced have been absolutely beautiful.
On top of that CH-1 is pushing 85% whites or off whites as a population.
CH1 could be looking at significantly higher valuations then CH-6. It just isn't easy because you need a lot more tonnage to validate it.
Once they hit a go button on putting on a DMS unit onsite. CH-1 will get its valuation day.
Until then, it won't. May have to wait before CH-6 actually gets into production.
If the valuation of CH-1 is spectacular..it could beat ch7 and ch44 for mill feed.
CH31 will get its day too...just too costlier now with the lower grades.
That is where you put the nail in the coffin.
The kimberlite trifecta will put Chidliak on the mining map.
The white population (that sounds so bad) bring in more kimberlites into the long term mine plan and make Chidliak (as referred by oiltar) a worldclass diamond district.
This cluster of kimberlites more then likely has the highest white population in all of the world.
Is this the marketing you meant xdebeers?
LONG...PGD
EKIM