Dot Trev, KRT has something you won't hear about on the WSP thread, TONNAGE.
To incur $500,000,000 in costs you need tonnage that will take you past that you needed to incur to get into business.
WSP would need to spend (incur) $500,000,000 to mine their deposit, the trouble is they only have 10 million tonnes at the most, at 10,000 tonne a day that deposit would be mined out in 2.7 years. If WSP had $500,000,000 in diamond in their little deposit it would not be feasible, they would need at least $2.5 billion. Further, a dyke cannot be mined in Arctic conditions as cheaply as described above. They would need to build a rolling mill over top of the dyke system as it was being mined. That would increase the cost ten fold, yes dot Trev, ten fold.
The Kensington mine at location #220 would be mined out in 68.50 years at 10,000 per day. Are you still with me Dot Trev. Can you see the difference here Dot Trev? I know that KRT does not publish these numbers, but these my dear little friend ARE THE FACTS.
aj |