Peregrine Diamonds Ltd. PGDIF

Margin game

[ekim]

On page 13 of the powerpoint -- PGD - Presentation

Chidliak is 4th on the list.

After the updated PEA....Chidliak will be in the #1 slot.

More CH-6 tonnage lessens the averaging down of the CH-7 margin.

LONG...PGD

EKIM

[robybob]

Your making a huge assumption here ekim, they have never drilled this deep. News about cancelling winter and moving to summer is frustrating, it is like we are starting all over again, another PEA. 2023 timeline may not be out of touch based on the rate this is going. Financing?  I expect Robert.  Another rights offering?  Doubt it.

[Kidlapik]

I believe they would not be allowed to go directly to Robert as the increased ownership would put him and his brother in direct control of the company.

[ekim]

Assumption is that the deposit doesn't pinch out and all information shows continually dipping walls at ~90 degrees. Drillling is obviously needed to confirm this assumption otherwise why do the drilling? conceptualize that it extends down and go wow on the economics and then figure it is worth the risk to drill deeper. At the very least...they are going to get some geotech data that will

[shneps]

Seems to me the premise of CH6 being an inferred resource and not an indicated may have been the driver behind not securing the required financing. If you need to drill and get it the indicated category then why not increase its value and reduce the constraints of the pit wall angle at the same time. CH7 has been removed because the JDS analysis shows where the upside value is and put CH6 into the

[ekim]

1 km deep wildcat holes are the $1 milllion per hole variety. 500 metres is still  a completely reasonable depth to target in any exploration project around the world. Heck, a lot of deposits are found in the 400 metres to 750 metres depth. LONG...PGD EKIM