Peregrine Diamonds Ltd. PGDIF

RE:People wondering about

[mill44]

I sure hope this time I was not right, but it looks like I might have.

mill44 wrote: why the market is undervaluing PGD have to look at history,  what happened to other explorers turning into miners. Let's say everyone is right and we get exceptional results. Then what? Time for a mine, aka major financing, unless the management pulls a rabbit out of the hat and gets money from somewhere else, like streaming rights (question is if they want that). If not, there is a good chance that PGD can be had for the same price in a year. Without outside money, the real appreciation will happen close to the start of production. Whoever is not ready to hold the stock and participate in a financing is not going to jump in just yet.

The market might be afraid that the management has all the advantage of financing as low as possible and none to get the price higher before finalizing everything.