GREY:PGDIF - Post by User
Post by
oiltaron Apr 03, 2017 6:28am
121 Views
Post# 26066498
It sounds like
It sounds likeWillP is suggesting PGD talks with producers is not going well.PGD in its AGM presentations stated 2 new mines failed to deliver expectations.I guess they would be GK and Renard.That is likely a fact as MPVD did not tell its shareholders diamond selling prices of its last sale.SWY did but excluded the boart small diamonds for the valuation that would have brought down the over all values if added making Renard likely fall well short of its FS.We still do not know how the "REAL" sale would have been in terms of an over all run of commercial production from Renard.
So with DDC SWY Debeers and MPVD all stating the situation in India is having a very big impact on valuations who has the GO-NADS to step up and fund Chidliak?
Can you imagine Debeers board room buzz if GK is not going to produce the IRR as per the FS after a 10 year fight to make Snap a go only to close it?
I think we might not get a major to fund a JV and another share issue is a matter of survival much more than moving the project forward. 10 months of talks have not been able to attract a major and PGD CAN NEVER SELF FINANCE THIS MINE at .20 cents.
I view this project on hold until we improvements in India