GREY:PGDIF - Post by User
Post by
justanormalguyon Apr 17, 2015 10:32pm
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Post# 23642743
From Will
From WillEric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) fell five cents to 33 cents on 688,000 shares. Peregrine's mini-bulk sample of three Chidliak kimberlites is in full swing but the plan has changed somewhat. Last fall Mr. Peregoodoff, CEO, said Peregrine planned to extract about 250 kimberlites from each of CH-6, CH-7 and CH-44, the top three pipes at Chidliak, on Baffin Island. The company is now putting most of its effort into CH-7 so it can declare a resource for the pipe. (CH-6, the best Chidliak pipe, received a significant bulk sample in 2013 and the company produced a resource estimate last year.)
Very interesting and probably a good move!