Hi teevee,
Are we going to get a breakdown of value of the diamonds again? Be nice to know what percentage the 6 specials are of the total value.
I wonder if the grade from pit 4 is carats per Macrocrystic Kimberlite only, or if the grade is from Macrocrystic and Kimberlite breccia and the internal waste? The latter two comprise 12%-20% of the total tonnes in the tonnage estimates, it they were excluded in the mucking we would get a higher grade than actual.
Winspear says the thicker sections have more of the Breccia and waste in them. Pit 3 is a average thicker section 2.88 meters versus Pit 4 averaging 2.48,...of course that's not that different but this Breccia and waste could produce spurious results if not accounted for. So far nothing was said of its presence in pit 4.
Do you think the intersections less than 1 meter are worth going after? If costs were to triple from mining the 3 meter stuff, I think it would be left in the ground. 13 of the 30 squares with exploratory holes have intersections less than 1.8 meters. Any concerns there?
Notice we are not getting information on how deep the intersections are as we head North and East and Southeast. The West, Northwest,Southwest, South have thinned to nothing.
It seems with all these questions, Winspear's decision to start mining the dyke to take additional bulk samples is a smart one.
I noticed you compared the evaluations of WSP with Aber and Diamet. We have an underground mining situation at Snap, like following veins of gold etc., therefore it is fair to say we would acquire a market multiple closer to that type of mining than the typical multiple currently given to Diamet which reflects its open pit advantage. Aber is given a lower multiple as well due to the current environmental concerns and stage of development,...although it seems to have come to life in the last few days. Perhaps our multiple will remain closer to half of theirs at best, until we have a year of full production under our belts.
Waiting on the edge of my seat for the Pit 3 evaluations.
russett, the half baked hamster. |
