Peregrine Diamonds Ltd. PGDIF

RE: RE: RE: RE: Expectations?

[Durkastan]

Not sure why not too many other stockhouse participants don't put there input into your question.
..probably the same reason why the volume is so low in the stock.

Indeed. :) This stock has fallen off the radar for most people... on the positive side though, if we hit good news then the price is going to the moon in a friggin hurry due to lack of market depth.

The question I have, is about the RC Drilling. They've either seen something already in the season to go with the additional RC drilling or has the air survey's started coming in, they realized how many gazillion anomalies there actually are.

I think it's just a matter of being overwhelmed with potential targets. 442 anomalies and growing... there's no way they can get to most of them efficiently by driving around, especially in a place like Baffin Island with little infrastructure. Bringing a helicopter in to drill 1 target a day is amazing. They are under pressure to produce something tangible other than CH-6 so the more new targets they can get to the better. We should have regular results rolling in starting soon.

I'm really intrigued by this "String of Pearls" near CH-6 - the kimberlites are all so close together that it's hard to imagine them not being part of the same geological formation.