Specials and John Kaiser

A Diamond classified as a 'Special' is a rough diamond over 10 carats.

The Lac De Gras field has not produced very many of these. There is significant potential at Chidliak to produce these sizable diamonds.

Here is a recent interview from John Kaiser --  May 5th article - Kaiser
To see other related John Kaiser and Chidliak related articles -- Kaiser and Chidliak

Here is a snippet of the interview:

"JK: The bulk sample extraction will be done by the middle of May, and shipped from Iqaluit in July when the ocean is ice-free. We should start seeing grade results in Q4/15 with valuations in hand by the end of 2015 and new resource estimates and a PEA sometime in Q1/16. The bonus potential is that as Peregrine collects the largest ever bulk sample from Chidliak, we may start seeing those very big "specials" diamonds whose stone value can reach the hundreds of thousands of dollars. Although the Ekati and Diavik diamond mines in Canada produce high value diamonds, they have disappointed in the delivery of gem quality specials. The market is not assigning any premium to Peregrine for the potential of "specials," but if we do see these stones show up in the bulk sample, it should deliver an upside surprise for Peregrine shareholders."

Here is an image from CH-7. The largest diamond is 2.18  carats.

Included in the original 50 tonne bulk sample was a 6.53 carat stone. 

This year's bulk sample is producing 400 to 600 tonnes from CH-7 as well as possibly more from ch-6 and ch-44.

If a 6.53 carat stone pops out of a 50 tonne bulk sample, the chance of a 10+ carat 'special' diamond out of a 400 to 600 tonne sample is great....not guaranteed...and not necessary for great economics as Kaiser has stated...but if they do find 1 or 2 stones in this range..it will put a light on all the 71 kimberlites in the region.