Peregrine Diamonds Ltd. PGDIF

RE: RE: Feasibility costs?

[Durkastan]

I really wish SH allowed you to edit posts... /sigh

Typos in my post - at the bottom:
 
7% of PGD is worth 20m, but the relevant stat would be 7% of Chidliak, which by extension would be worth ~40m.

Also, paying 60m for 7% implies a total CHIDLIAK project value of 857m, not PGD market value.

I have a bad habit of using "PGD" and "Chidliak" interchangeably", I apologize for the error.


Also, to "thatlikely" - BHP's 7% option cannot be earned simply by paying their half of the expenses to feasibility - they would have to FULLY fund the project.