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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 8:26pm
149 Views
Post# 21798051

RE:Understanding

RE:UnderstandingI agree with all that. On this forum we are talking in CPT (carats per tonne) but most diamond explorers talk in CPHT (carats per hundred tonne).
My contention is about this being a best diamond mine in the world contender or better than Diavik.
Cash is king, not grade. Cash = grade (c/t) x tonnage (t) x diamond value ($/c).
We don't have >80M tonnes to put in the above equation just yet. We have 20M tonnes at best.
We have a top 20 diamond mine in the making. At this stage we do not have a top 6 mine. That's not to say it won't happen. Time will tell.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities