Peregrine Diamonds Ltd. PGDIF

Winter program budget savings?

[Kidlapik]

I was skimming the latest technical report and it contains estimated budgets. Of note it states a budget of $9,995,000 for large diameter drilling of CH-6, CH-7 and CH-44.

For the summer program it states a budget of $1,600,000 for core drilling of CH-6, CH-7 and CH-44.

Now I am very curious to now how much of the large diameter drill cost is up front ownership costs, buying the drill shipping it etc, and how much is actual turning the drill costs. As well as what the labour cost difference is to drill a large diameter hole as opposed to the planned summer core holes. They had planned numberous other large diameter holes for CH-6 and CH-44 and budgetted for that as the season was short those labour dollars were not spent and will then be spent on the summer program.

If the labour cost difference is significant we could have a much larger summer program or potentially a 2015 program surplus though I would assume they would just spend whatever was not spent on the winte rprogram on the summer program.