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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd.
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Comment by xDeBeerson Oct 07, 2013 3:28am
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Post# 21795435

RE:RE:RE:PGD will take its place

RE:RE:RE:PGD will take its placeRequired for what? A diamond valuation that puts Chidliak in the top 5 diamond mines is not going to happen. Grade is world class. Tonnage is not. Diamond valuation unknown, but expected to be good based on observations of diamonds so far.
Look at this list: https://www.kitco.com/ind/Zimnisky/2013-08-20-Ranking-Of-The-World-s-Diamond-Mines-By-Estimated-2013-Production.html
The data shows ANNUAL production. Orapa mines in one year 2/3 of the entire CH-6 resource (in carats).
While I am pretty sure Chdliak will be a mine, we need more tonnage to really get the share price going. Having said that, look at Letseng value of diamonds. $2,000/carat. Victor is ~$400/carat. Those kinds of valuations would send the share price through the roof no matter what the tonnage. These valuations are possible, but unlikely. Chidliak needs more tonnage to rival Diavik.
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