GREY:PGDIF - Post by User
Post by
oiltaron Apr 07, 2015 6:12am
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Post# 23603044
Rick Rule
Rick RuleSays he likes to invest in Robert Friedlands venture companies.Rick says "no one can reach deeper in a majors pocket than Robert Friedland when he auctions off a company".
Now that Eric Robert and Ned have the boat full of PGD common stock they will now promote PGD to the moon and set in motion the auction process between the majors when they feel they have proven up the richest diamond ore per ton in Canadian history and the rest of the worlds sees that.
Debeers did not get a free look but are looking now at those diamonds and thinking Snap is a dud and Victor is close to the end of its life.Debeers already admitted that any ore around Victor is much less than the quality of the Victor diamonds.I think WWW International hinted that the CH-6 was more likely to exceed the $236 ct value during production.With grade 12 times as rich as Victor in the CH-6 it makes me wonder not if but when will debeers start the auction process as they already invested $8 million in Chidliac and did do a scooping stud
dy already.
All signs point to a Debeers bid at some time between now and year end.Anglo will cut debeers loose as Iron ore just hit 10 year lows and its no longer profitable to mine it.But diamons are.