Thanks Russett. Re: "(1) 14.5% or 928 have diamonds in them"
Are you saying that Diamondex at CT-55, where two weeny diamonds were found, has as much chance as Freightrain at being economic...with 2 diamonds, and a grade projection of squat? Certainly the odds are much higher at Jackson inlet, given the occurrence of large, quality diamonds and some idea of grade?
And Re: "as long as the distribution of kimberlites in the world is normally distributed."
I think I can say with confidence that the distribution of diamonds within kimberlites is not normally distributed. If you have more, large, quality diamonds you have more chance of having an economic deposit.
I say the odds of an economic deposit on TWG's Baffin Island property is 80:20.... 80% chance of an economic deposit. But we won't know till we know. We can just make educated guesses, as I think I have.
Anyway, thanks Russett for the interesting facts. Would sure be nice to know, of the economic deposits, what their diamond distribution curve looked like, and what the grade, and $/carat were after analysis of say 300 tonnes of material. As well as what their resource tonnage estimate was.
All things that need to be considered when building an economic mine. And all things that Twin has likely a good idea of, to be able to say they will be mining by 2005. |
