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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 3:45pm
93 Views
Post# 25806368

RE:RE:RE:De Beers Victor

RE:RE:RE:De Beers Victor This is from a nov 2016 article:

"De Beers Canada has extracted more than 5.6 million carats from Victor to date. Another million are anticipated before the mine is depleted in late 2018 or early 2019."

By the time you produce a single carat of commercial production material, the depletion game is on.

You could go out and calculate actual reserves on the books in the Canadian diamond industry today and you have Ekati, Diavik, Gahcho Kue, Renard and Victor producing and selling carats in exchange for cold hard cash.  Those are a lot of carats come off the Canadian reserve book each and every day. I believe SGF's stones are already on that reserve book...but static in time. DO-27 doesn't have reserves. Jay pipe will be on those books as well. Chidliak doesn't have a single carat on that reserve book...but when it does add to it...it will in no way be able to add enough carats to make up for the downfall of the 5 producing mines.

LONG...PGD

EKIM

LONG...PGD

EKIM
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