RE:RE:From Dundee's Diamond Conference Thanks Mil, not going to act hastily, however, I like to see my money work for me, not against me, there are a thousand other investments that I could have put my money into that would have given me a very nice return over the same period I have been in Peregrine. Not a big deal. Even at my age learning keeps me young at heart.
The only thing that would keep this from being a mine is if CH6 is a stand alone, too small to support a mine. If it wasn't, we wouldn't be a penny stock.
We need great bulk sample results from the other pipes they will be exploring in 2015. Only then can anyone really say this will be a mine. We won't know this until 2016 and after more financing and dilution IMO.
My point is the old timers here are now going to have a really hard time using the word 'profit' because of the paper that will be required to move this to a mine stage with the Friedlands alone.
If I can get out without much bleeding within the next 6 months, I will.
A newbie is going to see this differently now because of potential upside, an investment now at 19 cents could be a double triple, 40-60 cents is possible over the next 12-18 months.
Over a buck? Never will happen again unless there are pinks, yellows and blues, the other pipes come back with amazing values etc., and that isn't going to happen. That is Oiltar type pipe dream pumping.
IMO Profit will only come to the old timers now during a profitable few years of running a mine with a dividends, a couple of cents per chare a year maybe. Friedlands owning gazzilons shares ... worth while..... Small guy, couple hundred thousand shares, maybe will eek a profit out by year 8 or 9.
With my position and timing, not going to put the great grandkids through college... Newbie? Very possible.
As I said, it won't be a lack of diamonds, we have one very good, very small pipe, it is the weight of paper that could keep this down.
Good Luck all
MHR