GREY:PGDIF - Post by User
Comment by
Kidlapikon May 05, 2016 12:42pm
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Post# 24844832
RE:RE:It looks like
RE:RE:It looks likeschocor when you say the per carat value of "new pipes yet to be discovered" do you mean on top of the 60+ pipes already discovered? CH-6 is by itself already enough to build a small mine add CH-7 and CH-44 to it and you have 10+ years of mine life. The upside potential with 60+ pipes that have yet to be deeply tested or the several pipes that have shown economic viability but have yet to be sampled is immense. Then yes there is also the string of pearls off of CH-6 and the numerous anomylies that most likely will result in even more pipe discovery.
CH-6 is the reason to build a mine now, CH-7 and 44 are mill feed to keep it going, the 60+ kimberites and the great piece of land they own is all untapped potential that right now is absolutely free. Not to mention Lac De Gras, Botswana, BHP database.
CH-7 is profitable and keeps the mine open, that was what any reasonable person should have expected. For anybody who wants to know just how densely packed this property is with other kimberlites that have barely been explored check out ekims blog or the company website.
PEA and a deal are crucial to secure financing to move it forward. If you believe management will drown this in paper because no outside interest will show up given the figures shown, sell. If you feel that these #'s as a base case are fantastically profitable and barely scratch the surface of what the property has, buy or hold.