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Peregrine Diamonds Ltd. PGDIF

"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."


GREY:PGDIF - Post by User

Bullboard Posts
Comment by Durkastanon Oct 01, 2010 10:59am
368 Views
Post# 17517267

RE: RE: RE: Biggest risk to PGD

RE: RE: RE: Biggest risk to PGDI guess it's hard to say how many 200-ish kg samples we'll see from this year's program.

There were 34 new kimberlites on Chidliak and 2 from Qilaq, and 1 has been reported so far. So, out of 35, how many will we see a sample for of at least that size?

For example, we know that they were only able to recover 3m or so of kimberlite from CH-17 due to the weather and it being a lake-based target. So any results from that one will be meaningless.

On the other end of the spectrum, we have a 410m kimberlite intercept from CH-31, which is longer than anything else we've ever hit, if I'm not mistaken.

Of course quite a few of the new kimberlites will be duds. And all of the bashers will be out in force for every one of them. 

I'm hoping for 4-6 of the new batch to show economic potential, and I will be as happy as a clam.

Bullboard Posts