Post by
ekim on May 14, 2015 1:39pm
2 things
The bulk samples will arrive at the SRC by boat/train on X Date and then will be completed by Y Date.
Between now and X Date, if they estimate how much they can get to SRC (via air) for them to process up to that X Date when the rest of the tonnage will arrive...that is the number you would be looking for. Z Days.
So, if you can optimzie it logically, you can finish Z Days earlier than Y Date.
Then you can send them off to Antwerp that much earlier and then you can do the PEA that much earlier.
Maybe by then, you decide on the green light for a CH-44 surface trench and decide to turn on the LDD again for CH-6 on the assumption that a stellar PEA will give significant cause to go to PFS..in which case you change your priority from inferred to indicated and thus the drilling on CH-6.
The real time essence here, is that you do want that answer from the PEA before doing another significant program in Feb/March/April of 2016. That may not work from the timeline point of view..however, if they do get things started earlier and get the PEA before year end...that might be a tight timeline..but may work out.
Second thing. The royalty news is significant. i've said numerous times that Peregrine should look at buying out the BHP royalty at some point. Looks like that process has started earlier then normal. The article is truncated (unless you are subscriber to stockwatch)....so I don't know all the details...but it looks like BHP and it's divestment strategy has involved this royalty. Maybe they are spinning it out into a seperate entity or maybe a third party is actually interested in purchasing the royalty. Either way, it looks like Eric says we have first right at the royalty...which is what I have believed. I'm guessing that BHP will cave in and sell it back to PGD and hopefully for a small amount of money.
More exciting times.
LONG...PGD
EKIM
Comment by
Fivecarat on May 14, 2015 2:30pm
Stkhouse acting up,again, weird format, so when it's cleared up I can post the article.