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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd. > Cold hard facts
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Comment by Kidlapikon Jul 11, 2016 2:07pm
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Post# 25041777

RE:Cold hard facts

RE:Cold hard factsI dont know why you guys are so gung ho for a sale. I dont see it happening. The Friedlands basically own this thing right now. Why would they sell it for chump change when they could finance it themselves and get all the profit? $1.3billion in cash for $450-mil cost, and thats just to roughly 250m depth.

A lot of time left on this and I would not be surprised to see another internal financing. Market seems to think so too. Internal financing at another discount for the $20-mil program then a debt financing for mine construction. Loooooong way to go yet.
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