GREY:PGDIF - Post by User
Post by
madmannon Jul 11, 2018 7:28pm
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Post# 28303136
From Will P. tonight
From Will P. tonightEric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 17 cents on 63,000 shares. The company and its consultants, JDS Energy and Mining Ltd., believe that the Chidliak diamond project on southeastern Baffin Island "is of sufficient merit" to proceed to prefeasibility. (And, presumably, JDS Energy would love to do the work.) In making the recommendation, JDS pegged the cost of the study at $27-million, spread over two years. Unfortunately, which two years is uncertain: Peregrine does not have the cash to get started this year, and winter, or at least a blustery fall, is just a few months away.