GREY:PGDIF - Post by User
Post by
ekimon May 04, 2015 3:20pm
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Post# 23692239
LDD Estimate
LDD EstimateBased on the public knowledge available...I'm estimating.
1 - They finished CH-7 a couple of days ago and collected 600 tonnes from it.
2 - This exceeds the 250 tonnes that they wanted from each of the 3 kimberlites for CH-7.
3 - Target for the entire program was for 1000 tonnes..that leaves 400 more tonnes to achieve the target.
4 - Possibly get 200 more tonnes out of CH-6 and then 200 tonnes out of CH-44
5 - Next 14 days of weather looks great for Drilling. They should be able to achieve 200+ tonnes out of 1 of the 2 kimberlites.
6 - Will they have enough time to get the other kimberlite? Probably still weather dependent. I also don't know how much (if any) the LDD is more productive in the -10 to -1 weather versus the -30 to -10 weather it probably started at.
Which one is priority? CH-44 or CH-6.
CH-44 has 1.3 to 3 million tonnes of potential TFFE.
CH-6 in KIM-C has about 1 million tonnes of TFFE. KIM-C graded 1.12 cpt in 4 tonnes of mini bulk.
If the drilling is intended for KIM-C, you are guaranteed to add value to the PEA.
Drilling ch-44 may or may not add value to the PEA...but it could add significant tonnage if things turn out great.
This may be the dilemma if they are going to have to choose one over the other.
I'm hoping they can do both and then it is a moot point.
LONG...PGD
EKIM