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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (3872)	3/12/2006 8:59:35 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 16206

Thanks Jon, I actually own Peregine through my losing position I had with Dusnmuir. DO-27 will be proven to hold recoverable diamonds, but whether a mine will be built on site is questionable given my talk with Eric Friedland 2 PDAC's ago. He was thinking it would make mor sense to use DO-27 to feed the Diavik mill once its feedstock was depleted. Not sure exactly, but this may be 10-15 years. I'm sure that once the grade, value and tonnage are more clearly defined an appropriate plan will be detailed. I just looked over Peregine's site and found this line "In addition to DO-27, the 3.5 hectare DO-18 kimberlite, located approximately 700 m north of DO-27, had a Kennecott 1993 core hole which yielded 242 m of 1.42 ct/t microdiamond grade" pdiam.com In this presentation pdiam.com it said "Cumulative grade curves for 2005 sample have not reached Asymptote - grades could be higher" on slide 17. I looked up Asymptote and it means "line not touched by curve: a line that draws increasingly nearer to a curve without ever meeting it" so now I'm confused. Any help out there? All in all they are on to a big pipe with ~ 1 ct/tonne at $70 per ct. If my coversions are right, the surface expression of 9 Hectares = 900m x 900m, a big pipe, whose volume I would like to know but don't have tome to calculate at this time.