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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Comment by schocoron May 05, 2016 12:15pm
72 Views
Post# 24844673

RE:It looks like

RE:It looks likeThe issue for me with the PR was the value per carat at CH7 - much lower than anticipated. I fully understand that there were breakage issues and I am quite confident that the REAL per carat value will be higher. But what will it be? Tthe market (and even myself) evaluate the information we have. The naggings thought in the back of my head is "What will the per carat value be of the new pipes they are yet to discover? Will it be the CH6 $/carat or the CH7 $/carat? As a company - and going back 10 years now - peregrine has had terrible, terrible luck with samples. I know for a fact that the last sample from DO-18 at Lac De Gras was assayed poorly (at a different facility). The missed ALOT of the small stones and the sample tracers were not all recovered which implies they also missed diamonds. Looks like it happened again but this time with abnormally broken diamonds.
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