RE:RE:RE:RE:RE:Merry christmas allNot to question all your conclusions...but I would not call SGF kimberlites too deep.
I would say that the overbruden is too thick and too vast to make it an easy decision.
For every x metres of overburden...that equates to x metres of kimberlite.
Simple math at that point.
They have easily obtained LDD RC data from the kimberlite...it is not a depth problem...it is a waste/ore ratio problem as is the case with most marginal deposits of any kind.
I believe KDI's experiencing that whole ratio problem right now. They have deferred the economic study for another 12 months and no one can tell me that they didn't actually do a study...but why publish a poor study when one doesn't have to.
DVI is the potential 10 bagger amongst all of them.
If they find something to similar to KDI...they can easily go up 10 x.
KDI is already over inflated. PGD could easily go up 3 to 4 x with a JV..but not a 10 bagger and SGF is throwing anything at the deposit to see what sticks...the last one being the talk of a dragline....those left the oilsands a couple of decades ago.
CVV will go back to uranium only and find zero comparison with any of the above.
If you want to see a real dilution problem..just look at ADD...and they only have 24 million shares outstanding...but just diluted potentially 100% of the stock recently....and did that dilution to just survive another year?
EKIM