Post by
oiltar on Feb 23, 2015 6:56am
PGD has hit the Jackpot
CH-6 CH-7 CH-44 CH-1 CH-31 I estimate contian over 54 million tons.
These pipes are the current focus to take the plan to mine over the top.
If the average is 1ctpt at $ 250CDN then we have $13.5 billion in ground value.
At 1.5ctpt then we get $ 20 billion that puts Chidilac right up with GK in terms of value but is twice as profitable to mine it at Chidilac.It is not out of the question that Chidilac could provide a 50% IRR.
I say PGD has hit the Jackpot and I mean it.
Comment by
Fivecarat on Feb 23, 2015 9:30am
Sorry, the last line is so funny, I can just see a little boy cross his arms in a temper tantrum saying, and I mean it!
Comment by
mill44 on Feb 23, 2015 9:30am
Too bad that people keep giving their winning tickets away for next to nothing.
Comment by
mrrbc on Feb 23, 2015 9:31am
Meanwhile the market yawns.
Comment by
northmark on Feb 23, 2015 9:59am
In Kaisers last report he came up with %77 IRR. That report will be accessible this week, the 26th
Comment by
racer-x on Feb 23, 2015 11:32am
Agreed we can see the jackpot now but nothing new Diamet could have owned Aber/Diavik, Aber could have owned Winspear/Snap Lake, then there was Voisey Bay buy buy buy, so what happens now where does the money come from to move forward?