Did Debeers validate Chidliak?Kasier in his latest thinks a retailer would be interested in direct stake in Chidlaik.With Debeers vouching for PGD in the DBC I can't help but wonder would that kind of endoresment prompt debeers to re-enter a JV or buy out PGD outright?.Debeers is a large supplier to Fook and Tiffany who are both now on the hunt for a direct investment in future diamond mines in Canada with the view to take off agreements.
In doing so Debeers large customers who in effect would cut them out as middle men a get the best picking of the Chidliak diamonds.If Tiffany or Fook did a financing like Tiffany did with Aber then it would force Debeers to buy out the remaing majority interest from PGD or simply let thier customers go direct and diminish Debeers as supplier of choice for the highly regarded Canadian gem demand.
So if yearly results were going to confirm a high grade on the CH-7 KIM 5 then would it prompt Fook or Tiffany take the plunge on PGD and shut out Debeers?
I think PGD will get a funding partner as Eric is open to a deal.
But if Debeers is interested in PGD they may not have much time left.The CEO of Diadem told me Tiffany partnered with them and he expects Tiffany would be very interesed in PGD.
This is 7 months old but results from CH-7 if reported in early summer would put any JV on notice that more than one party could bid for some of Chidliak and waiting to be the first was not wise.