Peregrine Diamonds Ltd. PGDIF

KDI vs PGD

[shneps]

For James - 

KDI benchmark to value Chidliak.

KDI sold for $175 million for its 18 million non stand alone cts.With a value of $60 per ct that was a sale of $9.72 per ct.So we know many yrs ago the PGD DO-27 held 18 million cts valued at $70 ct and PGD owns 72%.So @ 9.72 the DO-27 is worth net to PGD $126 million or 28.5 cents per PGD share alone with out Chidliak.

So using the KDI $9.72 per ct for 22 million cts valued at $200 per ct of stand alone ore at Chidliak allowing for no premium from KDI $60 per ct stacked up to $200 per ct at Chidliak we get a value of $213 million or 48 cents per PGD share

Add both figures 28 cents to 48 cents = 76 cents for a PGD share based like KDI as if Its all non stand alone ore.So the way I see it the Chidliak high grade high value stand alone ore translates to at least $1 per PGD share...

And its on sale for only 15 cents.You can buy a $1 for 15 cents???
For how long before a take over comes???

Dominion,Debeers,and RIO must see the value of PGD

[mill44]

Ekim posted a few times about Kdi. According to his numbers Kdi had almost no value, at least not for a good while. There are no absolute values that can be used to compare projects. Desmond"s position in Kdi has definitely made a difference in valuing Kdi. So does the Friedlands' holding in Pgd in the market's view, but not in a positive way.

[cudjo]

shneps, what do you mean "for james"?  Takeover?  This is impossible, look at the share ownership, no one will be taking this from the Freidlands, no one, period. Ever.  Buyout?  Only at the bros price, and no one will pay them their price at this stage, no one, period. Ever.  That is why this is at 14 cents and will stay at 14 cents or below WITHOUT a PARTNER

[mill44]

Takeover is not impossible. A hostile one is out of question for sure.

[cudjo]

takeover as in friendly buyout, only at the brothers price and at this stage, not possible IMO.  Good luck.

[griefman]

Cudj, James can’t post on SH but he can on SI and that’s where that post was from as he has asked privately for a willing partner to copy and paste it here....desperate or what?

[cudjo]

thanks kodi, why would anyone want to post oiltars stuff on SH, he was banned, for good reason, he is a proven pumperdumper, self confessed pumperdumper, how many times has he dumped on this stock, then as suddenly pumped it, over and over and over.  Shneps, you should be ashamed of yourself, by giving him a voice it diminshes yours, greatly.  Unless of course...  good luck.

[mill44]

You would rather have Kodiboy post? Oiltar, even when he seems to be on some very potent stuff, posts about the stock. Kodiboy only attacks people.

[cudjo]

don't think kodi would ever post oiltars stuff.... potent??? only in his narcissism.  No one should be giving others a voice, especially a proven pumper dumper, he was banned from Stockhouse, if you chose to read his stuff, go to SI.  Schneps has a good profile here IMO, this is a mistake.  Good luck

[griefman]

Here  you go...are you happy now Mill: Eric would have cut a deal already if not for Robert. With him on board, with the premise that he is willing to build a mine (and all signs point to that for now), the chances of a fair deal that takes in consideration market conditions are slim. Diamonds are out of favour and they are luxury items, they are not like industrial metals, you cannot count

[mill44]

Happy about what? That for once you post an opinion and not going after someone? The problem is that that"s not your opinion.

[griefman]

Gee, prey tell, why is it not my opinion?

[shneps]

We had a brief discussion back as to what price it was felt the Friedlands had probably averaged in at. I believe the concise was in the 17c to 20 c range? If the Friedlands were to sale Chidliak at say 50c, that would be in the range of $55,000,000 to $60,000,000 for the 41% of major insiders. Most likely with a royalty of say 2% and I think they may take a bit at the pie. Just sayin'. For