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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Post by ekimon May 23, 2017 12:34pm
172 Views
Post# 26273118

Faraday 2 results out

Faraday 2 results outTake away the fluff...and there is a lot of it...but the end result is not a bad coarse distribution, great grade...and the single best stone ever founda t Kennady/Faraday to date.

4 largest stones:

4.72-carat white/colourless octahedron with minor inclusions;
4.28-carat off-white transparent octahedron with noticeable inclusions;
3.45-carat brown transparent octahedron with noticeable inclusions;
2.69-carat white/colourless, transparent tetrahexahedroid with noticeable inclusions.

1 great stone and 3 poor stones.

They might be pushing for a CAD$200 per tonne rock value or more and maybe Faraday 2 could be a satellite feed to Gahcho Kue with Kelvin still potentially uneconomic.

Looking at all the recent bulk samples....my interpretation is this:

CH-7 has the highest coarse distribution and in the upper sizes...for every 1 great stone, you get 1 poor stone.
Faraday 2 might be the second coarsest (competes well with CH6)....and the in the upper sizes..for every 1 great stone, you get 3 or 4 poor stones.
CH-6 competes well with Faraday 2 on the coarse distribtuion...and int he upper sizes...for every 1 great stone, you get 0.3 to 0.5 poor stones.

Coarse distribution isn't everything...as you can tell above..if you takea way all the poor stones out of the coarse distribution curve...and just look at the coarse distribution of the good to great stones...CH-6 is still the clear winner by a huge margin.....and that is why you see $500+ to even $1000 rock value in CH-6.

Kelvin is at the bottom.

LONG....PGD

EKIM
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