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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Post by ekimon Apr 07, 2015 10:38am
82 Views
Post# 23603828

Stornoway news release today.

Stornoway news release today."The Renard diamond plant's face-plate capacity of 2.2mtonnes per annum is based on a 78% overall plant utilization, and the flow sheet design incorporates a Large Diamond Recovery capacity of up to 45mm (equivalent to a 600 carat round octahedral stone). "

They sure are trying to milk the potential of a large stone popping out of the run of mine feed.

Maybe Peregrine should include a line like this in every release:

"Given the number of large stones in this parcel, and their relatively high value, even the high modelled price may be considered conservative. (Lack of a 600 carat round octahedral stone in this theoretical model makes this a conservative estimate)"

:)

LONG...PGD

EKIM

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