Hello kidl
With reference to my post #230 I should add that if you refer to this DDN NR from Sept of last year, you will note an interesting reference near the bottom concerning the Golden Plover kimberlite at the other end of the Galaxy Structure some 30 kms.
newswire.ca
The two largest stones from Golden Plover measure 1.51 x 1.05 x 0.63 mm and 0.83 x 0.68 x 0.26 mm. Both of these are fragments without faces,indicating a larger original diamond.
Lakefield described the largest stones from Golden Plover and Longspur as high quality diamonds with excellent clarity. Two of the latter stones are white, one is pink and the other is off white.
In short, it would appear that the incidence of fancy pink diamonds in yesterday's Snow Bunting NR was definitely not a fluke. More to the point, again while it is still early days, it would also appear that there is real potential for all of the Galaxy Structure to consistently produce fancy pink diamonds on a reasonably predictable basis (yet to be determined.)
This has very, VERY significant implications for the eventual establishment of an average run of mine ore value ($/tonne) and ($/carrat) for any mine DDN eventually develops or of course for any takeover bid that may be made for DDN.
A fancy pink can be worth as much as 100 times what an equivalent "D" flawless diamond is worth, but conservatively estimating that say only 2% of the GS's diamonds prove to be pink and of gem quality, and are eventually valued at no more than 50% higher than equivalent colourless goods, then the GS's fancies could reasonably add a minimum of 10% to the overall run of mine ore value.
On the other hand, if the GS's kimberlite eventually proves to produce diamonds anything like Argyl's or some Angolan pipes, then there is the very reasonable potential that the GS's fancies could add more than 100% to the overall run of mine ore value, (and that is NOT overstating the potential that consistent pink (and yellow) fancies could contribute to the bottom line.)
We appear to have a very interesting opportunity developing.
Regards
Vaughn |
