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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

Post by ekimon Aug 22, 2016 11:45pm
144 Views
Post# 25166457

CH1 - revisited

CH1 - revisitedCH-1 did not get lost in the mix...it has always been there.

A lot of new tidbits of information in that technical update PDF a couple weeks back.

--> CH1 - Update

The math on CH-1 could get very very good from a profit margin point of view.

I would say at this point, it could beat out CH-7 based on the numbers available right now.

However, I would say CH-7's grade will go significantly higher (diamond breakage) and I believe that CH-7 has a coarser distribution than CH-6. As more information is unveiled, I don't believe there is a chance in h$ll that CH-1 trumps CH-7.

At 2.6 hectares...the strip ratio will be a lot kinder to CH-1 than either CH-1 or CH-7.

Releasing that 'in-house' grade model forecast for CH-1 was no mistake and it was aimed strictly at the potential money contributors.

LONG...PGD

EKIM
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