Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by shnepson Apr 11, 2017 10:34am
174 Views
Post# 26106307

DeBeers Victor

DeBeers VictorThrowing out a conversation for the board.

If indeed DeBeers is looking to shutdown the Victor Mine (I personnally feel it may be just posturing) but if indeed it is the case. The closing obligations would include the dismantling of the mine infrastructure and returning the site to nature and continuing monitoring. What are you going to do with a 8,000t/day diamond processing plant and its assosiated components?
To demolish and scrap would entail dismantling, transporting 400km on a winter ice road, offloading and then reloading onto trains in Moosonee, train to most likely Sault Ste. Marie (approx. 700km), offload to trucks, and recycle.
Why not transport the components via winter road (approx. 120km) to a preordained location on the Hudson Bay coast and once the summer shipping is available, ocean barge the components directly to Iqaluit and offload in its new deep water port and straight on to Chidliak via new the allseason road.
I have too assume this has been a conversation DeBeers is having in house. Tom Peregoodoff  has stated on many occassions that Peregrine and DeBeers parted on amicable terms and are in regular conversation to this date.
Just reviewing different scenarios.
Cheers
<< Previous
Bullboard Posts
Next >>