Peregrine Diamonds Ltd. PGDIF

Stockwatch

[millritemike]

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), unchanged at 21 cents on 77,000 shares, is still planning a major exploration program next year at its Chidliak diamond project on southeastern Baffin Island. The company has been uncustomarily quiet about its plans of late, but Mr. Peregoodoff says it still intends to complete the program recommended this summer following its preliminary economic assessment. That study of two key pipes, CH-6 and CH-7, credited Chidliak with a discounted net present value of $471-million after taxes, based on a proposed $435-million mine.

[griefman]

Here is the entire story by Will: Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), unchanged at 21 cents on 77,000 shares, is still planning a major exploration program next year at its Chidliak diamond project on southeastern Baffin Island. The company has been uncustomarily quiet about its plans of late, but Mr. Peregoodoff says it still intends to complete

[justanormalguy]

Thanks Kodi for the full summary by Will.  That's the third time in I think the last 3 weeks he mentioned PGD, on no news, and a full rehash of the program included and busy 2017.  This time around, I infer that this "intends to complete..." quote came from Tom.  Let's hope for a fair financing transaction and a proper comprehensive press release.

[griefman]

This,was a post from Will on SI: I recently did a summary on what to expect from Stornoway's first diamond sale, so I won't comment further on that. However, it is worthy to point out that I took a picture of a display case at the Ekati mine containing one day's production -- about 18,000 carats as I recall -- and it looks pretty much the same as that. Those Ekati diamonds would sell