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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. > Diesel

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Post by ekim on Apr 30, 2018 3:21pm

Diesel

Looking at the diesel that will be stored in Iqaluit in the future.

Currently, there is about 6 million litre capacity.

QEC is doubling that to 12 to 13 million litres and Chidalik will be bringing in another 20 million litres.

That equates to roughly 40K tonnes of oil.

Looking at this link about oil tankers in Canadian waters --> Oil Tankers in Canadian waters.

The smallest one has a payload of aobut 80K tonnes, so a trip to Iqaluit would deliver half its payload and currently that same trip would only deliver about 10% of its payload.

Has to be some synergies in cost savings with the bigger diesel farm at least in freight costs.
Also, I don't even know if they can send a tanker in right now. I assume they will be setting up the new port, etc. to be oil delivery friendly.

Just a bit of side math as Oil is a bit in the news today.

LONG...PGD

EKIM

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Comment by schocor on Apr 30, 2018 4:17pm

- EKATI uses 70-86M litres of fuel a year. - Diavik Uses 60-70M litres a year - Gaucho Que uses 45-60M litres of fuel (I believe). All of this fuel is used for power generation, mining, process plant operations.

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Comment by ekim on Apr 30, 2018 4:25pm

Gahcho Kue at about 3.1 million tonnes of milled ore and 50 million litres equates to about 15 litres per tonne of ore milled. Chidliak at 20 million litres and 700K per year sits at 28 litres per tonne of ore milled. Probably about right. Scale up the mill and that litre per tonne will go down. We will see if there is any mill size change in the upcoming PEA. Don't think we will see ...more

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Comment by mill44 on Apr 30, 2018 11:51pm

The way I look at all this is let it be someone else's problem. Make a deal and let the other party figure out how to deal with the miners in the cold while I spend the money somewhere on a beach in the sun.

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Comment by cudjo on May 01, 2018 11:52am

snoore, at the blazing pace set by pgd, diesel useage and storage is years out, and I agree with mil, with any luck, will be somebodies elses problem, otherwise ..... well yall know. Good luck.

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