Peregrine Diamonds Ltd. PGDIF

RE:RE:Risk at Chidliak?

[cicerelli]

cudjo wrote: igalaaq, at this point, you seriously think they will be operating a mine in 2 years?.  Hmmm, lets look at this from a factual point of view.  1.  Flat broke  2. Permitting for exploration work this winter for what is believed to be pre fs work, results of which would be arriving and pondered over a year from then, and you really dont have to include time for a financing, big bro will lend us the money.  3. FStudy to be completed, and that will take a few short weeks wont it, lol. 4. Financing a half billion to build, done it a matter of days 5. Planning and permitting, environmental, etc etc., only takes a few hours eh? 6. Building infrastructure, road, etc pah, nothing, kids stuff in the middle of no where 7. Build the mine, well it is just a hole in the ground anyway, operating from the day a shovel is brought it really.

This will never be a mine without serious deep pockets, and IF a white knight arrived today, no mine would be operational for another 3 to 4 years.  If no partner shortly, dead, seriously dead money, good luck.

Stornway built Renard from mine decision to production in less time.