Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:NAR

[ekim]

They are also pushing the fact that several companies have now staked claims in and around Pikoo....to create additional excitement.

I guess the key point is that it is close to infrasturucture (roads) and power..so it is easy and cheap for a company to claim and maintain.

That same rush did not happen on Chidliak because of:

1 - Too expensive for many of these companies to consider spending a dime on.

2 - Peregrine Diamonds claimed the whole bloody thing...and only recently has shrunk it a little bit to save costs. That left no option for any mad claim rush.

Take away the top 8 potentially economic pipes at Chidliak and then compare the opportunites versus Pikoo and I would still pick Chidliak. After the 8, you are left with what 63 kimberlites that maybe half of at any significant work on..plus all the other kimberlites not yet found.

Pikoo has a few dykes grading maybe 1 cpt. Still doesn't have an active mine/mill in the vicinity.
They could expand into KDI type project (the ever expanding dyke that adds tonnes year after year). It is not going to be straight forward mining again.

1 - Open pit mining has the cheapest costs.
2 - Open pit mining with significant strip ratios (waste movement project).
3 - Underground mining with more cost (limited tpd, etc.)

Chidliak so far falls under #1. KDI falls under #2 and Pikoo will also fall under #2.
SGF falls is a hybrid and falls under huge capital intensive pre-stripping. A bit different.
Renard falls under #3 (predominantly).
Current diamond production in Canada is moving to #3
MPV would probably fall under #1 (haven't had too much of a look at it).
Misery is under a lake. Again, hybrid. Huge pre-production capital costs.

Chidliak = lowest cost mining method. one of the highest grade projects in the industry, Above world average carat valuations (close to double) and very little pre-stripping.

LONG...PGD

EKIM

LONG...PGD

EKIM