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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 MrBiggeron Apr 27, 2016 12:50pm
141 Views
Post# 24815738

RE:from will purcell

RE:from will purcell
"At 15 million tonnes and $70 (U.S.) per carat, Kennady may well have to go back to its original plan of using its kimberlite as feed for the Gahcho Kue mill years down the road."

I would expect 20 million tons at 2 ct per ton and $70 per carat. This would be economic and profitable as mill feed for the JV. I expect KDI will be bought out in the next several years but on Anglo's time table. It will be a partnership decision IMO 51/49 as is the mine. Timing will hinge on diamond prices.

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