Peregrine Diamonds Ltd. PGDIF

RE:Touchy feely subject

[Kidlapik]

Honestly I am not excited about PGD. I believe in the project and continue to add to my position but I believe this is years away from a good return. Every year we have gotten an "exciting" moment: De Beers WILL joint venture, the valuations will be $250+ with yellows and pinks, a new CH-6 will be discovered. So I do not believe even spectacular news will move the share price very much until the market becomes more favorable to junior mining, especially exploration plays.

Also, Ekims post about cash flow and dividends is quite interesting and I have been following LUC recently. A potential dividend makes this appealing but I cannot figure out why DDC does not pay dividend.

Either way I really enjoy following the development and believe this is essential for Nunavut, particularly Iqaluit, to develop and will just continue to fill up my RRSP/TFSA year upon year.

I dont worry about five cents this way or that way, time is on my side.