Peregrine Diamonds Ltd. PGDIF

I invest

[oiltar]

In diamonds WillP writes about them

To: WillP who wrote (14391)	1/6/2017 7:48:58 AM
From: james flannigan	of 14392
Will No I will leave the history digging up to you as you brought up historic postings of mine on SI that far predate the 2012 article in the past few weeks.GRIN. My point in the Lassonde interview is he compares how rare an economic diamond mine is to find and that like Diavik the market did not understand the effort it took to find that valuable asset,so when he figured out the market was not pricing Aber right it gave him a chance to buy in at a very undervalued price. Also he points to the fact that it hard to invest in diamonds as the chances of finding an economic mine is 1000 times more than a gold mine.Nothing has proven more right as we see NAR and KDI not a mine. In the case of KDI he points out a discount rate of zero for ore that will not get mined for 15yrs.My valuation on KDI is many multiples less that its current market cap( but not zero as MPV will swallow KDI to send a life boat for Desmonds investment as a matter of never leave a your mate behind in re-treat during a defeat in an exploration war. As for history I pay very close attention to a smarter man than me like Lassonde.He backed a JR company with every dollar Franco Nevada had at the time in its treasury($2 million) and plucked it all on the table when that JR went looking for gold when all other mining experts were laughing at them and writing Lassonde his financial RIP speech. That company was Barrick Gold and the place was Carlin History is the finest teacher in the world. James