John Kaiser in his Monday Mar 7 tracker thinks the GK deposit is much richer in value then the scoping study says.So does JAN V,He said Kaiser and I are on the same page.
That and a buck will get you the proverbial cup of coffee. Until the prefeasibility study says so, it's just speculation.
The large stones could have a major impact in the revenue the mine will produce.
For the record, I think so too, but it still doesn't matter. I think De Beers's valuations are conservative, based on nothing more than what they did with the Snap Lake values (dropped from $100 to $76.)
Still, what does matter is what that prefeasibility study says. I suppose that De Beers can change their method of modelling the Gahcho Kue value, but they have not extracted any more diamonds, so any reassessment will have to come from the existing parcel. There'll likely be a boost due to rising diamond values, but unless they let out some rope on their modelling method, the numbers will still (I think) be conservative.
One key problem is, the more engineers that you involve, and the more detail they put into the mine plan, the more conservative cost estimates become.
I haven't a clue what's going to happen with the study, but I do know it will have an important impact on this project, either way.
Regards,
WillP |
