Peregrine Diamonds Ltd. PGDIF

PGD in-situ values then and now

[Kidlapik]

Using 1.04c/t for both CH-7 and CH-44 and using the established CH-6 carat value of $216/c the in-situ went from $3.93-4.89 BillionUS to $4.75-6.36 BillionUS, an increase of between 21-30%

[ekim]

Carat count for TFFE+inferred now sits at 21 million (low target) to 28 million (high target). I believe Kaiser was looking at 20 million carats for inferred at the end of this process. I believe this is just a mechanical process to get to 20+ million carats inferred. LONG...PGD EKIM

[xDeBeers]

It's gonna be a good little earner this mine. Not world class yet (Oiltar) as BHP considered 50m carats to be worldclass. We have 21-28m carats. A lot of other diamondiferous pipes outside of the focus area to be assessed and still more pipes to be found (area B). Could still get to world class, but not a certaintly like the mine is. I agree with Oiltar though that this is a world class "

[robybob]

xDeBeers, where do you get 21-28 million?  I get just over 18 with the new tonnage and update on CH6  Didn't think therte was an exchange rate on carats, lol.

[ekim]

It's all in the news release..with the exception of a confirmed grade for ch-44. 6 million tonnes @ CH-7 @ 1cpt 3.2 million tonnes @ CH-44 @ 1cpt 3.3 million tonnes @ CH-6 @ 2.58 cpt 4.4 million tonnes @ CH-6 @ 2.58 cpt EKIM

[robybob]

thanks ekim, so your adding off the chart both CH6 and CH6 (i)? first one is inferred mineral resource and talks about carats etc., the second is kimberlite tonnage, if they added another 3.2-4.38 tonnage to CH6, that would be more than 15% No? What I added was the new mineral resource estimate of CH6, now updated to 8.57 million carats, then took the tonnage of 7 and 44 multiplied by 1.04 to

[ekim]

TFFE and inferred both. It is just looking at the upside limits at this time. What do we know? CH-6 is the significant piece to this project and also is the most well known at this time. We don't know if CH-44 or CH-7 comes up with $50/carat valuations or $200/carat valuations. Hopefully they get enough carats to get an official valuation done. Ideally, I'd think we'd like to see

[robybob]

I am good with that, lets see if the pressure stops and there is a slow steady build to the bulk samples later in 2015.

[Kidlapik]

CH-6 Inferred = 8.57 million carats CH-6 Estimate= 4.38million tonnes(high side) at 2.58c/t = 11.3 Million carats Total CH-6 to date Inferred+estimated = 19.87 million carats CH-7 = 6.01million tonnes(high side) at 1.04c/ton = 6.25 million carats CH-44 = 3.19million tonnes(high side) at 1.04c/ton*unproven*= 3.31 million carats Total CH-6, Ch-7, CH-44 million carats = 19.87+6.25+3.31(high side) =

[xDeBeers]

Got it from ekim's post. Didn't do any due diligence - my notes are not with me currently. It does seem reasonable though to quote in $CAD.

[ekim]

Yean, CAD$'s makes a huge difference. Of course, the other avenue that I've overlooked is the fact that rough diamond prices are down in US$ terms. I believe close to 9% over the last 9 to 10 months. After the valuations on CH-6 diamonds were done, there was a continued rally of a few percent in teh market. So, we probably are sitting on a 5% discount on the valuation prices. If that

[Longinvestor123]

What if the c/t comes in close to CH6 for either CH7 or CH44?

[mill44]

What if there are pinks and blues and rainbows in there?

[cudjo]

longinvestor, won't matter if that kind of news comes in after April.  As well, we already have a base of 1.04 c/t now, nothing to sneeze at, and the market is doing a great big yawn.