It has been 5 months since this blog started and a big thanks to all those who helped get the blog over 10K page views today.
Feel free to see the potential in Chidliak by scanning through the multitude of kimberlites in the right navigation...and remember these are the confirmed kimberlites. Some of them have yet to be tested for diamonds and there are hundreds of anomalies on the property that haven't been fully explored. Many of these anomalies will turn into kimberlite pipes and some of them will contain diamonds as well.
Chidliak is heading toward a PEA (preliminary economic assessment) on just 2 of those pipes - CH6 and CH7. That is 2 of 71 kimberlites with much more exploration left to do and with just 1 operator/owner at the helm.
The PEA might show a mine life of 10 years and a potential dividend of 10 to 25 cents per year.
Opportunity is there to not only extend that mine life another 20+ years...but also to scale up production when more deposits are confirmed economic. That brings the cash flow and dividend up again.
After a bit of due diligence, the risk/reward presents an amazing opportunity.
Congratulations Mike, this is a terrific treasure trove of PGD factoids and analysis. I believe the payoff is just about to begin with the upcoming results. Cheers....Dave
ReplyDeleteThanks....a lot of that information is out there buried in news releases or in the many technical reports....this just brings it to light and hopefully it is plain to see for some the huge opportunity here.
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