Peregrine Diamonds Ltd. PGDIF

RE:RE:May 6th report - John Kaiser

[ekim]

Mostly because this OV has been completely restricted to the exact resource numbers with a date stamp on them.

His previous OV includes more tonnage based on what he thinks the mine will actually produce.
That is why I've also run various NPV's. Because reality is not confined to an NI-43101 a few years before the mine plan is implemented.

A big difference there.

As I have said all along, this is a base case PEA with a lot of room for upsizing.
A lot of companies release optimistic PEA's as a starter and then infill drill and shrink the resource before they get to PFS...if they get there.

Chidliak by design (open at depth, KIM-C, pearl in the open pit excavation...and of course the other kimberlites yet to be bulk sampled) has a huge room for upsizing.

LONG...PGD

EKIM