CH-7 Diamond valation speculationsJust for fun I have been playing around with the results and comparing to CH-6 posted valuations for figures.
4 Biggest Diamonds: 5.33 carat white/colourless octahedron no inclu. $3,800/caratUS for $20,254
5.02 carat off-white octahedron minor inclu. $2,750/caratUS for $13,805
4.40 carat off-white macrl with minor inclu. $2,400/caratUS for $10,560
2.01 carat white/colourless octahedron $2,400/caratUS for $4,824
For prices I referred to actual appraised value of CH-6 diamonds with similarities see here, factored down 15% for comparable stones and factored down 30-40% for size catagories as there is a significantly higher % of grey/brown in CH-7:
https://www.pdiam.com/s/PressReleases.asp?ReportID=627209&_Type=Press-Releases&_Title=Peregrine-Announces-CH-6-Independent-Diamond-Valuation-Results Larger Diamond Catagories: 37 stones 1-2carats: 0 represented above; assumed 45% of parcel would be good shape/colour a case can be made for less/more. 16 okay stones at 1.5carat at $325/caratUS = $7,800; 21 stones bad at 1.5carats at $30/caratUS roughly $1000
9 stones 2-3carats: 1 stone listed above. 3 stones out of remaing 8 good. Assuming 2.5carats at $400/caratUS for $3,000. 5stones bad at 2.5carats at $50/caratUS roughly $625
7 stones 3 carats or larger: 3 stones represented above. Most likely other 4 are bad at 3carats at $250/caratUS for $3,000
total of roughly 105carats = $64,868
Remaining 617 carats at average $75/caratUS = $46,275
Total parcel value $111.143 for $155/caratUS actual. I imagine a modelled range around $125-175/caratUS
At an extraction cost of $100canadian-per-ton or $70us/ton it is still good mill feed and extends mine life significantly.
Now my question is, does the share price dip below 0.10 before the rights expire?