Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:almost 2.5 billion in diamonds in CH6

[robybob]

This quote means there will be a mine, the PEA will tell us what to expect on costs and kaching left in our pockets.

"NI 43-101 standards and Canadian Institute of Mining and Metallurgy guidelines stipulate that a Mineral Resource needs to have a "reasonable prospect of economic extraction". JDS Energy and Mining Inc. ("JDS") have created a first-order Whittle open pit to 260 metres depth based on the updated CH-6 Inferred Resource and have integrated appropriate mining and related costs, as well as the US$213 per carat average price for CH-6 diamonds. JDS concludes that the updated CH-6 resource satisfies the "reasonable prospect of economic extraction" criterion."