GREY:PGDIF - Post by User
Comment by
k22k22on Nov 23, 2016 2:43am
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Post# 25500319
RE:Peregrine vs CanAlaska
RE:Peregrine vs CanAlaska22 million shares out vs 339 million gives you all the answer you need. And DeBeers was in bed with PGD once before as well so keep an eye on CVV to see if the story mirrors PGD's history. I see they have already settled back down after initial results. There was a time when PGD was riding the discovery wave with DeBeers and euphoria was all the rage but now PGD is faced with the reality of building a mine so big dollars are required. But let's be clear about one thing, PGD has a mine, CVV is still trying to find one. Eventually when they put agreements in place whether it be JV or funding for a road the price will catch up with the paper. But you really can't compare the two at this stage because PGD is about 10 years ahead of CVV at the moment.