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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. > Horribly wrong? Or fairy tale?
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Comment by ekimon Oct 26, 2016 3:33pm
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Post# 25389305

RE:RE:RE:RE:RE:RE:Horribly wrong? Or fairy tale?

RE:RE:RE:RE:RE:RE:Horribly wrong? Or fairy tale?Untouched ground with all the potential in it...like CVV a few months ago..had speculative appeal.

Expectations that Chidliak is well known and has no potential left in it...is absurd....but once you have something known (ie. PEA, 2 pipes defined for open pit)...the focus on bluesky potential is blurry, blurry, blurry.

odds were always severely against CVV going into it..just by pure statistics. PGD faced the same odds when they did recon work at Chidliak. The day they found kimberlite float on the ground is the day that the odds started to turn for PGD.

Every year...you want to decrease the odds of failure and every year PGD has accomplished that...you want quantify what those odds are...you just work hard every year and do the right things to reduce it.

LONG...PGD

EKIM
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