Peregrine Diamonds Ltd. PGDIF

Great news - Domain 2

[ekim]

Don't under estimate how great the news is for Domain 2.

I've taken to analyze items in chunks of 200 kg's...which is a rough standard for a caustic sample that PGD has submitted.

I've taken to looking at cumulative # stones sitting on the 1.18mm sieve and above.

Ch1 bulk sample - 47.2 tonnes
Grade - 1.04 cpt at 0.85 mm
# stones per 200 kg on the 1.18 mm sieve -- 1.5

Domain 2 earlier results
# stones per 200 kg on the 1.18 mm sieve -- 1.68

Domain 2 new results
# stones per 200 kg on the 1.18 mm sieve -- 2.38

The 1.18 mm sieve is where all the stones from the upcoming bulk samples will be...why not analyze previous results to see what you can  get.

The above analysis indicates that Domain 2 will produce more stones per commercial sieve then Domain 1 bulk sample did.

That tells me the estimated range of 0.5 cpt to 1.0 cpt has at least shifted upwards to easily and conservatively a 0.75 cpt to 1.25 cpt range.

This is significant in the profit margin of all that Domain 2. The greater the grade, the bigger and deeper the pit they can put in.

LONG...PGD

EKIM