GREY:PGDIF - Post by User
Comment by
ekimon Nov 24, 2017 12:01pm
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Post# 27025676
RE:wtf
RE:wtfPGD is fully permitted to do as much trenching and LDD RC and core drilling as they want on the two pipes.
The NWB requires that they receive at least 90 days for the exact location of the trench.
They already have notified NWB of the trench the intend to complete at CH-6....but they were lacking in notifying NWB on any trench work at CH-7 and that is what we saw this week. They have now notified NWB of 2 trench locations at CH-7 in addition to the already acknowledged trench location at CH-6.
As far as I know the plan is to get 500 tonnes at CH-6 trench and 500 tonnes at CH-6 in an LDD -RC. Both of these I believe will target the HG zone so will potentially cough up 3+ cpt.
That gives a 3,000 carat parcel out of CH-6.
The 2 trenches at CH-7 will generate 1500 tonnes each or 3000 tonnes and should give another 3,000 carat parcel....and this parcel will not generate valuation model based on broken diamonds...it will a very productive exercise.
This exercise will basically upgrade the knowledge on site to complete a PFS or FS level study.
Gettting all the permitting ducks in order does not guarantee that a winter program will actually happen. Tom and team will not tell the market until a green light on the program and funding to complete program is complete. otherwise you end up with egg on your face.
I would suspect the caustic release update should include some sort of update on what is next for Chidliak including the winter program. The next earnings is out on Dec. 15th. Look closely at the fine print in that report as well.
LONG...PGD
EKIM