Peregrine Diamonds Ltd. PGDIF

PGD vs KDI

[Kidlapik]

There seems to be a difference of opinion on this board. One camp views the market as the only viable source of information. If the stock goes down it is because it deserves to go down. I am not a market oriented investor. I invested in PGD because I looked at the fundamentals of it and compared it to the industry it competes in and decided that yes this was a good investment. If you are one of these investors keep reading, if not please disregard as qijouboard nonsense and leave. Other Canadian Diamond Juniors: KDI Kennady Diamonds Inc., NAR North Arrow Minerals, SGF Shore Gold Inc. Highest market cap comparable KDI. Those are the 3 companies in Canada that represent a current market fair comparison. As PGD is a front runner I personally believe that it is more comparable to SWY, Stornaway or MPV, Mountain Province but we will not get into that here. If you are serious about your investment then look at its nearest competition KDI. KDI Kennady Diamond Inc. - Current trading 52 week range: 6.11/2.80 Market cap 52-week range $287-Mil - 131mil: Canadian. Kennady North recently posted valuations for 989carat samples which broke the kimberlite into 3 main phases: A, B and C; their valuations are as follows - Zone A=441carats at $56us/carat ; Zone B 447carats at $70/carat= ; Zone C= 80carats at $123/us/carat at 2.02c/ton as per their website https://www.kennadydiamonds.com/project/diamond-recoveries. Location, near Yellowknife and subsequent Canadian diamond mines as they are very eager to remind you. It seems to be quite hard from visting their site to understand the tonnage they are talking about as their project is focused on a dyke, a dyke under water no less, which means a horizontal seam that is under a now standing lake. That consists of 4 diamond bearing kimberlites to date. KDI: $56-123us/carat at 2cpt on an undistinguished amount of kimberlite Market Cap: Currently $140-mil - 287mil. PGD: First just try to navigate their sites. www.pdiam.com is much more user friendly and gives up all their information very easily. KDI site is distorted and difficult to read. Remember that current regulations require a VERY high level of drill data before disclosing a resource and PGD has only ever EXPANDED on their estimates never reduced. So right now we have 8.57 million carats at an average $213us/carat graded at 2.58c/t just to a depth of 250metres. With an additional 3.2-4.4million tonnes as a target for futher exploration, keep in mind they have only ever EXPANDED beyond the TFFE minimums case in point is the January news release increasing CH-6 by 15% BEYOND what was reported as the TFFE before the initial declaration. Also keep in mind 250metres is NOTHING to the diamond mining industry their are mines, SWY, that have mine planes in place to go to 1000metres in Canada. Don't just listen to the market. If the market was always right nobody would every make money. Do your own research. KDI, North Arrow Minerals NAR, Shore Gold SGF, those are the closest comparable companies and PGD beats them all. Yet PGD is currently at below KDI's market cap of $140mil and well below its best market cap of $287mil.