worth a re-readagain, ekim shows the value to this board, thanks. As does xDeebers, mill and a few others I missed.
In a nut shell, and Ekims post is a great summary.
If your here for a quick buck over night, suggest you look elsewhere, trying to chase that now, with the speed of communication these days, is now pretty much impossible, good luck with that.
Ekims post today, I have saved it on my desktop and will look at it if I ever get an itch to sell, and it will be in my instructions to my grandkids.
"D. Bre-X changed the CDN market forever.
If CH-6 was found in the 80's..it would have been a completely different story.
There is a defined process to get to a FS and the Banks seem to focus on the S pat of that. It is only a Study.
That is why private companies have done much better at promoting this. They have control of a large # of $$'s at their disposal that need to generate big returns. A significantly positive FS with a high ROE and quick payback.
Banks on the other hand on happy as can be collecting ATM fees, mutual fund fees, mortgage fees...and whatever other fees they can think of. Fees have significantly higher profit margin then mines have.
Sources of large financing for Chidliak? Eric's bank account, Robert's bank account, Ned Goodman's bank acccount, public equity. Notice I said Ned personally (not Dundee in any fashion). and nothing else at this time.
Next year's program will be to get as much tonnage as possible to the indicated category.
They might boost up the inferred on CH-6 this year...but there will be no other inferred resource this year. Unless they decide to boost the inferred...no sense in doing a PEA this fall/winter. REality is next year's program is probably more important then a PEA is this year.
LONG...PGD
EKIM "
Read more at
https://www.stockhouse.com/companies/bullboard/t.pgd/peregrine-diamonds-ltd#Ow8Xh7TfuYofoaLq.99
Key is LONNNGGG
MHR