RE:RE:So Getting all of your ducks in a row is priority number one. After the PEA presentation debacle the last thing you want is not to be completely prepared. Besides coming up with $15+million (which can't come from another rights offering as Ekim so eloquently stated) takes a lot of lawyers unfortunately.
Oh, and by, the way there is also all the items listed below:
PEREGRINE DIAMONDS LTD.
CHIDLIAK PEA
Effective Date: July 7, 2016 27-2
Table 27.1: Preliminary Feasibility Study Cost Estimate
Description Budget Estimate
($) Comments
Resource Advancement Activity
Core Drilling Program
Core Drilling 1,400,000
Pierce point and geotechnical drilling at
CH-6 (1,500m HQ) and CH-7 (1,200m
HQ); drill for caustic samples from CH-6
(1,200m NQ) and CH-7 (1,000m NQ).
Operations 2,150,000
All costs associated with the operation of
camps and support of field crews (food,
meals, salaries, fuel, motels, camp
equipment and support flights), capital
costs, etc.
Project Management & Supervision 300,000
Supervisory and geologists time
unallocated to specific tasks; Land
administration including permit fees,
annual fees, assessment report
preparation; Community relations, etc.
Laboratory Charges 500,000 Caustic fusion analysis of CH-6 and CH-7
core.
Subtotal Core Drilling: 4,350,000
Bulk Sampling Program
Large-Diameter RC Drilling 4,700,000
Bulk sampling by LDD at CH-6 with 2 x
22" diameter holes to 260m depth in the
high-grade KIM-L domain.
Bulk Sample by Trench 2,500,000
Approximately 400 tonnes of kimberlite
extracted from the wKIM-L by surface
trenching at CH-6.
Laboratory Charges 850,000 DMS processing of the CH-6 LDD and
trench bulk samples.
Resource Update 265,000 Diamond valuations and resource
estimate
Operations 1,385,000
All costs associated with the operation of
camps and support of field crews (food,
meals, salaries, fuel, motels, camp
equipment and support flights), capital
costs, etc.
Subtotal Bulk Sampling 9,665,000
Engineering and Environment Advancement Activity
Engineering Studies
Geotechnical / Engineering 600,000 Engineering field work and testing to
support a PFS.
Infrastructure Engineering Studies 140,000
Engineering studies and permitting for
resource development, future camps,
infrastructure, access etc., including the
beginning the necessary permitting.
Project Management & Supervision 345,000
Supervisory and geologists time
unallocated to specific tasks; Land
administration including permit fees,
annual fees, assessment report
preparation; Community relations, etc.
Mineral Processing Studies 100,000 Investigate feasibility of permitting and
constructing an on-site DMS facility.
Environmental Studies
Monitoring 50,000 Continued monitoring sump and drill
sites.
Baseline Work 360,000 Collection of baseline data within local
study area and All-Weather Road study
PEREGRINE DIAMONDS LTD.
CHIDLIAK PEA
Effective Date: July 7, 2016 27-3
Description Budget Estimate
($) Comments
area.
Land Use and Heritage Studies 90,000
Continued collection of archaeological
information and state of knowledge
analysis of previously published studies.
Developmental Studies 120,000
Commence plan for NIRB project
proposal and preparation for Draft
Environmental Impact Statement.
Subtotal Engineering and Environment 1,805,000
Total Supporting Work for PFS 15,820,000
Source Peregrine / JDS
I personally have been giving them a bit of a break to hopefully get prepared and possibly come up with even better scenarios.
GLTA