Peregrine Diamonds Ltd. PGDIF

RE: RE: RE: Kaiser Interview- Pescods Late

[bullwhip29]

I doubt BHP can get enough work done in just 12 mos to justify a multi B$ market cap. Kaiser's point is that these kinds of prices are possible given the potential size and scope of this project, which is all you can ask for. Diamond exploration is largely a numbers game and the more diamondiferous pipes they find, the better the odds. Each time PGD makes a new discovery, the company gets another scratch and win ticket, so to speak. The problem for short term traders is that you won't know which ticket is the big winner until most/all of them are scratched meaning the stock could trade wildly up/down 100% or more until we get some sort of confirmation.  This is what happened with DMM many years ago. So if the worst case downside is 0 (ie. you lose $2.40), the upside is possibly $10, 25, 50+??? While it's true that you could lose some money, you also have no chance to win the jackpot if you don't play. Needless to say, this type of game isn't for everyone (obviously) and many investors won't be able to stomach the volatility, which is perfectly understandable. No matter what the upcoming results are, the chances are that the best pipes have yet to be discovered. Unless BHP says otherwise, I'm going to assume this game is still in its early innings.