Hello Georges & All
You were asking about what reasonable recovery costs should be estimated at. The following is from Diamet's web site:
The cash operating costs for the first nine years of the diamond mine are estimated at between $30 US and $35 US per tonne. From Year 10 onwards, the costs are estimated to range between $20 US and $25 US per tonne. The average operating costs over the life of the project are estimated at between $22 US and $27 US a tonne. These figures include pre-stripping costs, which the exception of Panda for which pre-stripping costs are included in capital costs.
My appologies to anyone who might have posted to me recently, I have been tied up.
While we await the Munn Lake and Yamba Lake NR's, I thought the following might be of interest to some.
Regarding Brazil's potential:
The Paranaiba River and its four main tributaries (St. Antonio,
St. Inacio, Douradinho and Bagegem Rivers) have yielded at least 49
documented alluvial diamonds which exceed 50 carats in size, the largest
being the Presidente Vargas diamond found in 1938 and weighing 726.7
carats. On Aug. 26, 1998, another large diamond was recovered by a garimpo
operating a vacuum type dredge approximately six kilometres upstream from
the confluence of the Rio Verde River with the Paranaiba River, which in
turn is four kilometres upstream from the Contendas structure. The diamond weighs an
impressive 350.65 carats (the eighth largest stone recovered in Brazil in
recorded history). The colour is described as G (rare white), clarity as
high, little fluorescence, with no internal flaws or inclusions, although
there are some minor internal stress fractures near the triangular cleaved
base of the crystal. This diamond remains unsold at this time.
***********
What we want to fall out of the Yamba Lake drill cores:
diamet.com
**************
IAR has their web site up now:
islandarc.com
************
Some other sites with some interesting information:
diagem.com
diagem.com
empirenet.com
rosijewelers.com
megastock.net
american.edu
infodine.com
************
My personal Yamba Lake countdown clock is ticking starting tomorrow through to next Wednesday. Assuming there have been no breakdowns, there should have been enough time by then to have drilled four holes through the first pipe. If there are two drills working Yamba Lake as implied, I consider that very positive, and suggestive of a number of significant NR's in the coming weeks and months.
People holding any of the Yamba Lake players at recent prices should and will count themselves fortunate in the months ahead. My sincere condolences to any who do not.
Good Luck to all
Regards
|
