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KENNADY DIAMONDS INC V.KDI

"Kennady Diamonds Inc. is a Canada-based diamond exploration company. It is engaged in the exploration, discovery, and development of diamond properties in Canada's Northwest Territories."


TSXV:KDI - Post by User

Comment by explorer49on Oct 28, 2015 9:59am
216 Views
Post# 24233792

RE:Its not too late

RE:Its not too lateOilman - Looks like you're starting to panic about the CH7 numbers and trying to induce KDI shareholders to buy your PGD shares. Shameful! The facts: KDI estimates about 15M tonnes - enough to support 10 year mine producing 1.5M t/year. With grade of 2ct/t = 3M carats/year. Even at $65/ct (worst market in 5 years) that's revenue of about $200M/year and a margin of about $140M/year. In normal market $100/ct = revenue of $300M/year and margin of $240M/year. Sure, CH6 has great grade and $/ct, but not enough tonnes to build a mine. Numbers for CH7 will be out next year. Let's hope they deliver enough value to support Chidliak mine. In the meantime, PGD is busy drilling in Africa to cover their bets.
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