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"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."

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Peregrine Diamonds Ltd. > News

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Post by madmann on Feb 15, 2018 8:04am

News

Peregrine Reports a 58% Increase in Chidliak’s Ch-6 Kimberlite Inferred Diamond Resource to 18 Million Carats

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Comment by shneps on Feb 15, 2018 8:29am

Wow. CH6 alone (including TFFE) is $5 Billion. 72% increase in the HG material at a $1000/tonne. That is an 86% increase in the high grade zone. I believe after Ekim gets a coffee or two into himself and he quickly crunches the numbers you're going to see this go up even more. Impressive to say the least. "The growth of the CH-6 resource is remarkable and together with the CH-7 kimberlite ...more

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Comment by Kidlapik on Feb 15, 2018 9:09am

Don't be surprised if this news doesn't move the needle at all. So much investor fatigue that I fear nothing short of very good financing will get us any movement.

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Comment by greex27 on Feb 15, 2018 9:14am

Agreed. How are we funding the winter program and what is the path to mine...The news isn't unexpected, but it's nice to watch the value of Chidliak increase.

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Comment by shneps on Feb 15, 2018 9:21am

I agee also with the lack of price movement.If Peregrine is hoping for a share increase to justify another 10c offering I feel they may be mistaken as fatigue is setting in. Pretty obvious they went after the HG domain for valuation increase on the PEA. Cheers

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Comment by cudjo on Feb 15, 2018 9:59am

good news, expected and priced in, it is the unkown that is holding this back. Updated PEA is next, but how pgd moves from there is unknown. Alone with a 2nd and 3rd paper mountian, or with the support of a well healed partner. Resource is getting there, but is the bros willingness to partner there as well. With the ownership structure, could it ever become a target? ...more

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Comment by Kidlapik on Feb 15, 2018 11:11am

PEA will be pretty incredible already. Should see improved head grade, improved LOM and improved free cash flow. Last PEA was average $75/carat after tax cash flow Canadian at $887mil LOM after tax free cash flow on 11.6mil carats. Even with some increase to costs with underground I don't think the capex will be a huge increase given that the original PEA already had the $95mil all season road ...more

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