Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:Introduction

[Kidlapik]

You get some big diamonds dropping out of any sample and this thing shoots to 200mil market value in a second. Dont believe me? Check the Canadian diamond industry. KDI shot to +$150mil market cap on what? 5carat per ton results on a small sample. LUC shot through a billion market value based on a few big stones. Given that our 8.8carat was of very high quality and was so good that WWW estimates of $/carat value in its size category were less than half of what it fetched imagine what a few stones to shore up those numbers would mean for the project.

Every valuation for diamonds is the same, the diamond industry is conservate at the start as its a small sample and only moves up from there, not down. The valuations right now are a base. A base of $188 per carat and 7.5mil carats with over double inferred. Yah I will take that at a market value of $40mil with warrants, once again, thanks PGD management.