Peregrine Diamonds Ltd. PGDIF

De Beers Victor

[ntagain]

Go to globe and mail. DeBeers shelving Victor expansion.

[ekim]

Shouldn't be a surprise...especially since De Beers was actively recruiting reclamation specialists a couple months back and moved their head office to Calgary. This was for the study work...they don't even know if it was going to be profitable or not...but with the current timeline...it doesn't transition well with victor....so the news today. LONG...PGD EKIM

[ekim]

"It could process 6-7 million tonnes of lower-grade ore on site, if profitable, Kirby said, adding two-three years to the mine life. It is also studying a technically-challenging dig, deeper into the pit, which would add two-four months." The two to four month option strictly has to do with pit slope and if they can get some more out without hitting maximum strip ratio. The 6 to 7

[ekim]

This is from a nov 2016 article: "De Beers Canada has extracted more than 5.6 million carats from Victor to date. Another million are anticipated before the mine is depleted in late 2018 or early 2019." By the time you produce a single carat of commercial production material, the depletion game is on. You could go out and calculate actual reserves on the books in the Canadian diamond