Peregrine Diamonds Ltd. PGDIF

CH-7 domain 5 - biggest near term advantage.

[ekim]

AT CH-6, they produced 1000 carats out of 500 tonnes (400 dry tonnes) and were able to do a valuation model on that.

At CH7 @ 1 cpt, and lets say they get 500 tonnes of the LDD (which may be over estimating), that would lead to only 500 carats that they would need to model with.

Now through in Domain 5 and use 100 tonnes in that domain alone. That could generate 400 carats of rough diamonds. Add that to the other 400 tonnes @ 1 cpt and you get 800 carats to work with in a valuation model.

This scenario above was not on the table when they put the LDD bulk sample program together...it only came to light after they processed the caustics from last year.

That is the biggest near term advantage.

Long term, it is going to add a bit of a punch to the NPV. More value earlier in the mining, the less discounted, the better.

LONG...PGD

EKIM