Peregrine Diamonds Ltd. PGDIF

RE:RE:What Price?

[oiltar]

Gauwd thanks for you post as well.

When MPV collapsed from $2 to 50 cents due to Debeers claim and I quote" Nature has been unkind to us at Kennady Lake" (the projects name before changing to GK) But I when through all the data I could find and felt that Debeers just buying Wispear and constructing Victor was leaving them short staffed in Toronto so by dropping the agenda for Kennady lake by Debeers was more of a function of staffing rather than economics.In fact I calculated well before anyone that GK likely contained $ 15 to $17 billion in diamonds.When I did that in the face of Debeers pulling out I was tared and feathered  at SI  and labled as a pumper and basicaly in the eyes of some ,all my credibilty built up with the Winspear Debeers take over call weeks before it happend was gone.

But then a strange thing happed.A sample of kimberlite rolled out a 10ct gem stone and it was valued at $100,000 .Debeers came back to the project and today they tout $20 billion in diamonds present at GK.

We won't know the final tally at Chidilac in terms of in situ value until the last diamond is mined.But I will state this and ITS ONLY MY SPECULATION at this point.But I bet Chidilac will dwarf GK. In my world I think big or go home regardless of money made or lost.And while I take heat on public chat boards from some I do not change my bet unless is see a reason to do so.

For the record I added more PGD stock today.My bet is against conventional wisdom that we don't yet have a mine( thats why the stocks 20 cents).My bet is we won't mine it but a major will.I enterd this stock with the sole thinking of a take over not mining so it is not my focus to worry about mining.This asset is too rich for the majors to ignore.At least thatmy take for better or worse.

James