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17.0¢ burgundy diamond mines limited

Great and thanks for sharing.Regarding the Jay deposit. Possibly...

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B0bthebuild3r

487 Posts.

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01/02/24

16:02

Post #: 72188119
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Originally posted by sime: ↑

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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Great and thanks for sharing.

Regarding the Jay deposit. Possibly they are thinking that if they can access it from underground as you say then work to drill and the resourse so it can be somewhat proven, capex can be further explored on all solutions.

Last edited by B0bthebuild3r: 01/02/24

BDM Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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