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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd. > Drilling at Chidliak
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Comment by ekimon Jul 30, 2017 10:20am
182 Views
Post# 26526302

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Drilling at Chidliak

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Drilling at Chidliakand for sake of doing the math.

1000 shares at $5 IPO
Exercising all rights and warrants equates to
4520 shares @ $2.40 average price.

Getting to $4.80 without a big bull market in commodities would be very, very speculative.

Getting a partner to do the heavy lifting for building a mine....maybe $2.40 plus some coins may be attainable. 

It is still theoretically possible for the original IPO holders to get get their $$'s back with a small chance of a profit.

Most commodity stocks (juniors especially) bought in 2005 to 2008 are still at a significant loss.
Even Sabina was at $5 for a while and they would need a big rally in gold to get that stock back to $5 today with zero return over that time period. 

LONG...PGD

EKIM
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