PEYTO-------@ a minor correctionA ---you (U) shaped recovery---- we go back a long way
to when I sold PEY to buy CMKX------ """Got CMKX ?""
The weaseling is anticlimactic: Mr. Mason, chairman, Mr. MacNeill, president and chief executive officer, and George Read, former vice-president and now Star's technical adviser, rightfully sniff that the Fort a la Corne kimberlites "have already been subject to extensive evaluation," including work by De Beers Canada when it ran the project in the 1990s and early 2000s, and then by Star Diamond when it took a new look, including a large test of Orion North several years later.
That large-diameter drill test saw Star Diamond recover 100 carats from 3,400 tonnes of kimberlite, and while it is not clear if that was the theoretical excavated tonnage or the amount of retained kimberlite processed, either way the result was discouraging, at 2.9 carats per hundred tonnes. In all, bulk sampling over the past quarter century produced 467 carats from 10,176 tonnes of extracted kimberlite -- about 4.6 carats per hundred tonnes and less than half of what either Orion South or Star has produced.