No not necessarily., Abers pipes are drill proven to 37mil tons.,
however., and as I recall that is to the bulk sample level., they drilled
a few holes off drill stations in the decline to the 400 meter range.,
but most these pipes hold kimberlite to around 600 meters., if you
figured in probable tonnage or inferred tonnage., your looking at around 74Mil tons., so using a simplistic model with Winspear.,
with diamond values around 5 times Aber, a potential 56% internal
rate of return., vs., Abers 36% which by the way exceeds most
profitable diamond mines prerequisites., usually 20% in most cases.,
I think the requirements are somewhat less important as to the tonnage needed for economic cash flows and profits. I tend to speculate on what I can see., I am comfortable in the 4-5mil ton
range., right now., and would rather understate their possibilites than
state something which may not occur. Yes I think there are many
reasons to feel it will be 10Mil tons., but I want to see the drill holes.,
infill drilling before I move onward and upward. I want to see the
diamond counts from all the drill holes., man will I be busy when that
happens., wish I had a software program to plug in drill holes and
diamond counts., Geez what have I gotten myself into now.
Sincerely
George J. Tromp |
