Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:pgd vs kdi

[Kidlapik]

I believe both are good investments given how junior miners are looking right now.

DDC, SWY, KDI, MPV and PGD. Looking at the fundamentals of all of those projects its mind boggling to see their share prices so low.

KDI was over $8 on such small results and as mentioned is very close to Gacho Kue so there is a chance it gets bought by De Beers/MPV after its developed a bit more for future feed for that site.

DDC is rebounding nicely from its $12.50 range which it hit for absolutely no good reason. Jay pipe could extend ekati into 2040 with other options for feed. Not to mention hundreds of millions in the bank to buy assetts or explore more.

SWY has reasonable results, an all season road, good cooperation with the government and is now just finalizing financing. Was as low as 0.34 not too long ago and now in the 0.80-0.90 range.

And of course my favourite PGD. CH-6 bulk sample results were fantastic. If valuations prove good its a mine, period. Everybody wants to speculate on how hard it is to build in Nunavut. We have a central regulatory body while NWT (until just recently anyways) was broken down into different groups of native occupants. Sometimes a piece of land would result in having to consult up multiple aboriginal groups. Not the case in Nunavut. You still have to meet with communities to discuss impact but as far as regulation you only deal with the central body.

Iqaluit is an ever expanding city and is by far the most highly developed in all Nunavut and only behind Yellowknife and White Horse in the North. Building material will be brought up by sea lift at an increase of roughly 25%. An all season road can be constructed from Iqaluit which is about 120km from Chidliak. The city, the Territory, and the Premier/Government are very much in favor of PGD. In fact Nunavut as a whole is in favor of diamond mining over the other types of mining due to their limited impact on environment. No giant increase in shipping, no huge chemical risks in processing, no radiation concerns. I think the biggest environmental issue to hash out will be fuel oil storage for power generation.

You probably go, how can all these diamond projects compete. Well considering how little they all actually produce when compared to the global consumption and even global production of some of the super mines its completely feasable for them all to co-exist. Especially with the demand for Canadian diamonds specifically the Polar Bear diamond. Im hoping Nunavut works on developing a brand as well, I was thinking an Inukshuk as it would be easy to apply to a diamond yet distinct.

Maybe I will write the Premier about it.