Peregrine Diamonds Ltd. PGDIF

Where did evryone go?

[ekim]

Not a single post today.

I suspect the drilling program as I know they have had snow on the ground in that region for a few days now.

Not sure if they sent the drilling sample to the SRC in multiple batches or one or two big batches at the end.

Either way...the SRC should have or be nearly in possesion of the drilling samples.
Looking forward to the results in the high grade zone that went straight through the pipe. More intersested in how they interptet the boundaries between the high grade and regular grade down to 500 metres. That high grade kimberlite is going to be selectively mined first in an underground scenario. Basically $1000 per tonne ore.

Only 4 drillholes to date released...I'm guessing anywhere between 6 to 11 to be released.  11 would be nice...but might be too optistic.  Remember to date, they have focused on drilling to an indicated tonnage/volume level. They are headed to a PEA update..so if they fall short of that...they can still lean on an inferred tonnage/volume level at depth.

A bit ironic that Grutter and Pell are in botswana right now (with the every 4 year kimberlite conference) at the same time....PGD basically drops the Botswana exploration project in exchange for a royalty.

LONG...PGD

EKIM

[griefman]

I know I'm breaking my promise not to post. Mike, how did you know that they were in Botswana at the conference? thx

[ekim]

I knew 6 months ago when they posted all the abstracts for the conference. I posted on the events timeline on the blog months ago. Made a couple updates along the way. It is literally a melting pot of a couple hundred PHD's who know almost everything about kimberlites and they get together and chatter to each other. Conference happens every 4 years.  Very heavily technical focused. Not

[ekim]

Here is the linto the events timeline --> Chidliak timeline. It is by no means static and I update it as time unfolds. LONG...PGD EKIM

[griefman]

Interesting though if you go their website right now, it shows no upcoming events, so that is why I asked. Thx

[racer-x]

Okay mine all diamonds from Ch-6 & other pipes worth $20B (100 million carats) after expenses and lock them in a room, why is that not $40/shr based on current shrs outstanding ...

[mill44]

Yet most people would be extatic to see this trade at 40c/shr.

[cudjo]

if they get a partner you could see 40 c/shr, won't know if a partner would be remotely interested until we see diamond results

[racer-x]

The partner will buy existing shares to get 40%+ position then fund and carry us thru feasibility and construction, that's why DW bought DDC instead at the time as about same cost, but now DDC buys PGD cssh flow positive in two years uses that to buy out RTC and maybe SWY or others ...

[mill44]

And how will the partner buy 40%? Unless the Friedlands give their position up, the company has no control over other existing shares. They could buy on the open market, but as soon as they reach 10%, it will be reported. we would know for sure, even if it would not be obvious to us before that. The company can offer up a portion of the project to a partner only through dilution.

[racer-x]

If they offer $1/shr you don't think they could buy 40-50% on the open market?

[cudjo]

racer, why would anyone sell at a buck when your telling them this is a no brainer 40 dollar stock?  

[racer-x]

They are selling now for less than a buck and do not have $1/shr to kick in to construct the mine. The diamonds are not in the room locked up yet so no $40/shr, have to wait 15 to 30 years for that.

[cudjo]

at least you have a dream, 15 to 30 years out beats all the pumperdumperdoodledoers slim posts from others saying this will be a 20/40 bagger within months... I wish you well, best of luck with your investing.

[mill44]

If they want to buy 40-50% of the shares on the open market, they might as well make a deal with the Friedlands to take the company private. That way they will get the shares for sure.

[racer-x]

Goes private discount future $40/shr give me $5/shr today

[mill44]

And why would they give you 5$ for your shares when most will give theirs up for way less? Just let it sink in that it will cost people 1$/sh to build the mine and see who holds on to their shares. How many are willing or capable of shelling that kind of money out? Like I said, you want to do what the Friedlands do, you better have the means they have.

[ekim]

Interesting metric Mill. It costs PGD shareholders $1 to build the mine at Chidliak. It costs SGF shareholders $5 to build the mine in Sask. LONG...PGD EKIM

[mill44]

There is no way that by now you don't see a good chance that the mine on Chidliak will be financed by the shareholders. SGF shareholders on the other hand will get money from other entities if the mine is going to be built. You hold 500k shares in SGF, they can sit in your account for 10-15 years, it won't cost anything. You hold PGD till the end and you might have to pony up a lot of

[racer-x]

Costs them more to take it private I cannot participate 15yr to get $40 so I want $5 today same time value of money. Partner and public $1 today. No partner $0.10

[teddygva]

because it is in the middle of nowhere and Eric seems not to have inherit Robert's skills...

[racer-x]

Readily accessible by sea port and 120 km over flat land from capitol City a major secret emergency air force base since 1935, thats why no one was in there developng before

[racer-x]

Last guy in there was Freuchen 1934, 5th Thule Expedition at site of Ch-6 where he froze his foot (old pegleg). On reverse dust cover of his book picture of him and wife Dagmar, she's wearing bracelet and ring made of 5 ct diamonds. He ran the government Trading Post at Thule, must have been paid well ????

[madmann]

So tthat's where they got the toe for the sourtoe cocktail. https://www.atlasobscura.com/places/sourtoe-cocktail