GREY:PGDIF - Post by User
Comment by
shnepson Dec 30, 2016 11:43am
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Post# 25653720
RE:RE:RE:RE:RE:Kaizen Discovery?
RE:RE:RE:RE:RE:Kaizen Discovery?Peregrine needs $50-$75 million to get to the Feasibilty stage with the timeline for FS being H2 of 2019. Their intention is also to begin construction in H2 of 2019 ( I would assume this being the all weather road to begin). The Iqualuit deep water port is expected to be completed by 2020. This gives Peregrine 3 years to complete baseline enviromental, hydrologic, geotechnical work, plus engineering and be at an advanced state of equipment procurement to consider the idea of digging diamonds by 2021. No matter how much some people feel this stock may be dragging its feet these are some extremely high expection timelines.
So to answer your question. Yes, if the financing comes through I believe they will move straight to a Feasibilty study.
Expedited construction timelines take additional coordination and extra money. This is the case especially in the north which is also the reason for the all season road system. You would never advance construction timelines like this being dependent on a winter road.
Cheers