Peregrine Diamonds Ltd. PGDIF

RE:exdebeers

[xDeBeers]

They have much more of a company to build yet. The real profit in diamonds is in the marketing and sale of the product. They are valued at tens/hundreds of dollars when pulled out of the ground, and thousands when sold cut. They'll want a piece of that action, or at least have it priced into their selling price. Hence it was smart that they made an attempt to value the diamonds (and the deposit) by themselves.
Most companies are sold eventually for the right price. I guess I should have qualified my statement with timing. In my opinion PGD will not be sold before the 508 tonne bulk sample results are released  to the market as has been speculated on this forum.