Peregrine Diamonds Ltd. PGDIF

RE:New Corporate Presentation

[ekim]

One subtle change that PGD is using now.

With respect to the CH-7 breakage issue..I regularly used the term under reported for both grade and value and PGD chose to use the term conservative. 

Now they are using the term 'breakage-compromised'  grade and diamond values.

Makes a lot more sense to me then the word conservative.

If they are going to need and/or get money before a PEA update can be completed...it may make more sense to not do the PEA and spend $$'s in the ground...not in an office room. that being said...a lot of companies will use the PEA to do tradeoffs, etc. as a means to really guide a lot of the assumptions that will go into a PFS...so it is not a complete waste.

If PGD is still going it alone...then a PEA update is probably the right path or even a must have.

LONG...PGD

EKIM