BDM 3.03% 16.0¢ burgundy diamond mines limited

BDM Daily SP Discussion, page-552

  1. 507 Posts.
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    Emailed management again and got an update.


    surety bond will hopefully be lengthened by end of this quarter or start of next.

    drilling rig to bought onto site and make the life of mine official by end of year.

    I enquired about the Jay deposit and if it is still on their radar for development.
    They said it is and they are exploring potentially accessing it from underground. This is due to the huge capex to build dykes around it given it is in the middle of a lake. It is one of the largest undeveloped sites in the world for those who havnt read into it, meaning it would massively increase our mine life. From memory though with its current design the capex is around $500mil
 
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