Diamond insight? PGD double?based on current share price; shouldn't this be an easy double or triple on news expected very soon?
curious as to what you diamond guys on Diamonds North think?
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Peregrine expects preliminary study shortly
2008-04-30 14:09 ET - Street Wire
by Will Purcell
Eric Friedland's Peregrine Diamonds Ltd. expects the results of its preliminary technical assessment of the DO-27 project in the Northwest Territories in a week or two. A key part of the study will be a resource estimate on a portion of the big kimberlite complex once called Tli Kwi Cho. The numbers are likely to show a potentially economic deposit, although Peregrine thinks it will have to wait for higher diamond prices and a more favourable exchange rate. Nevertheless, the company's work proved the old project is worth far more than a 1994 assessment inferred.