Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:PEA - Key items not included

[shneps]

It's interesting, this is the exact problem that DeBeers has at the Victor mine site. DeBeers has pretty much admittedly said they built a 7000tpd mill for the Victor pipe but this size mill is not economical for the remaining pipes. DeBeers has stated they need to find the best way of mining smaller pipes because the big ones are not around( or haven't been discovered yet). Victor will begin dismantling next year but DeBeer's said they may be back with a mobile crushing/ concentrator system that just gets picked up and moved. No in ground foundations. I can guarantee you this type of information and scenarios are in Chidliak's cards. Currently there are no cost effective financial reasons for bringing the UG aspect of mining into the PEA. Last year's drilling conducted geotechnical and pipe extension of the HG in particular. It would be nice to think that a conveyor system from CH6 UG would elevate to surface through the string of pearls one day (like Koala and Panda) and the econonics allow for extraction of the pearls. Way in the future perhaps. Cheers.