Peregrine Diamonds Ltd. PGDIF

Other presentations

[ekim]

1995 - Peak exploration OZ - 2015 - Peak Production OZ. Takes 20 years.
Running out of Economic gold deposits..not running of gold.

Market Capital has been about 1/10th the capital required for a mine.
For every 10 deposits that are 1 g/t, there is one deposit @ 2.5 g/t

Identify projects that give you the highest margin

Report identified 75 projects that have failed and the main reason:
35 - Grade problems
16  - Processing problems
10 - Mining Method problems
8 - Capex
7 - Opex
6 - Social
5 - Price/timing.

Suggested that Grade problems (variable, etc.) and processing issues should be looked at as fatal flaws predominently. Others should be looked at as well.

I guess that is why we do LDD and bulk sampling to rule off # 1 on this list - Grade and grade variability.
Processing - Not as a complicated base some other commodities (ie. Nickel)...but didn't someone say that Jericho/Tahera's material was harder then they thought. I wonder what state we are at. I believe there was some mention of metallurgical testing on some of the core.
Mining Method - No brainer - straight forward open pit, UG might be a bit more complicated...but won't be included in initial economics.

The one speaker gave Mirasol and Pilot Gold as 2 high margin type properties.

LONG...PGD

EKIM

[Fivecarat]

Mike thanks for all your hard work, I could not make it after all, so I'm appreciative of you going to all the trouble to report what you could, thx!

[justanormalguy]

Yes, thank you very much EKIM....VERY MUCH APPRECIATED

[northmark]

Sounds like you had a fun day Ekim. Thanks for  your efforts. Nice to see PGD discussed in the 10 bagger presentation. 

[ekim]

No problem. I was also thinking he wasn't going to mention pgd now or ever again. I'm glad he re-iterated his conviction...which are quite aligned to my own.ekim

[xDeBeers]

I would like to second that. Mike, thanks for taking the time to write about what you are seeing and hearing. Gives us something to talk about while PGD are silent.

[Kodiboy]

Mike, yes thank you for being the man on the street for a day.  You did not have to do that and I, as many  have expressed here, greatly appreciate that.   Now, as Gauwd has also expressed, it's the companies turn to update the SH who have a stake, maybe smaller than theirs, but just as valuable,  sooner than later on what is transpiring.

[ekim]

I don't think we will get a peep out of Peregrine. I think they actually mean when they say every cent from the treasury is going to Chidliak and nothing else. I believe an official press release does cost some $$'s. Maybe not a lot...but still. I expect the resource update press release to include anything else they want to share with the market (program forward, etc.) LONG...PGD

[Fivecarat]

Sorry for my laziness and fogetfulness, but when are they planning to actually start the new bulk sampling drilling?  Thx

[ekim]

I think the updated water permit application suggested February is when they would start needing the excess water. That being said, I believe the issued water permit allowed them to use the excess water as soon as the permit was issued. I think the best we can hope for is a great weather. Very cold..but not windy (no blowing snow, etc.) and they don't run into too many difficulties. That

[Longinvestor123]

Thank you Ekim for relaying info from the conference.