Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:It looks like

[ekim]

Schocor - You make a lot of sense in your ideas.

You should still be able to crank up the production at an open pit to feed the mill...so I'm not too worried about needing multiple pits at any one time to make sure the pit is fed. You can always add more equipment and bigger trucks and shovels, etc. to the open pit. Not restricted like underground.

First goal is to get your highest value material to the present day as soon as possible.
You do that by sequencing and you do that by increasing the throughput of the mill.

I do agree that the end result is to try and bring in enough resources to justify a 2 mtpa mill.
It doesn't cost 2 x capital to build a 2 mtpa versus a 1 mtpa mill. The 1 mtpa still needs a big footprint, the 2 mtpa mill just needs a slightly bigger footprint and a few more pieces of milling equipment (oversimplyfying here).

Going to 2 mtpa also brings down your milling cost per tonne.  That has a great effect on the potential to bring in ch31/ch33/ch1 tonnage at a profitable level.

Mill is right when this is basecase as I've also said in the past. There is so much upside.

CH6 underground is a clear target for pushing value to the present...and if you have several pits also mining, you don't have to crank up the UG production and have massive underground stopes like Renard is forced to have.

The PEA will open up many doors and is still only the start of the LOM process.

LONG...PGD

EKIM