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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Comment by ekimon Feb 06, 2017 3:37pm
95 Views
Post# 25806309

RE:RE:De Beers Victor

RE:RE:De Beers Victor "It could process 6-7 million tonnes of lower-grade ore on site, if profitable, Kirby said, adding two-three years to the mine life. It is also studying a technically-challenging dig, deeper into the pit, which would add two-four months."

The two to four month option strictly has to do with pit slope and if they can get some more out without hitting maximum strip ratio.

The 6 to 7 million tonnes might just be low grade material that has been stockpiled for possible end of life mill recovery. Mining would stop..but milling would keep going.

My more recent article on the blog talks about stockpiling -- chidliak stockpiles

Victor is a clear example..you process the high value material first..but keep a low value stockpile available to feed the mill if it gets hungry and in the end, it will be a mill with an empty stomach to load up with low value material....if the low value material can pay for the milling cost itself.

LONG...PGD

EKIM
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