Peregrine Diamonds Ltd. PGDIF

Can you imagine

[oiltar]

If PGD with such high grades were to produce pink diamonds in porportion to the Argle low grade low diamond value of only $25 per ct and 90% of the worlds pink diamond supply is closed down were the price of new pink mined diamonds would be?

If any mine in Canada can produce any pink diamonds in the next 5 years it would take the market by storm.If by chance the CH-7 did produce pink diamonds( a long shot for sure) could RIO TINTO afford to lose Argyle yet not own Chidliak.Would their be egg on a lot of faces at Debeers and BHP if RIO swooped in and bought Chidlialk after thier rivals BHP and Debeerds invested $ millions in the seed capital that started PGD on the path to a world class diamond mine with Victor like White diamonds and possible fancy yellows from CH-6 and pinks from CH-7?

I will say this one more time.Those white  world class quality diamonds WILL NEVER BE MINED BY PGD SHAREHOLDERS.

RIO/DDC and Debeers  can not afford to let a small company control a high quality diamond district. If the CH-7 delivers the goods its game over for PGD.If fancy yellows or even pinks are present in the next sample ofra 10ct white gem then our days are numberd to be very short.

I seen Winspear and Ashton get hostile bids and both of those deposits can not even get on the stage with PGD.I got bought out on both those mines and know I will never mine Chidliak.The major won't let us.

 

James

[aea257]

Okay James, if we were bought out, at what SP? And what about the Spinco? 

[ekim]

I agree. Robert and Eric are not miners and will move from project to project after they have created value. However, I would put the cavaeat that some existing PGD employees will mine Chidliak. There are still some leftover BIM staff and mgmt working for Mary River. LONG...PGD EKIM

[Fivecarat]

James, so are we talking about an event happening in the next month, 6 months, a year, or? How is the timeframe of sample results going to effect the possibility of a buyout taking place before or after these results are known?   If you are the seller and you believe the results wil increase your worth, you will wait until after they are made public, and of course, if you are the potential

[ekim]

The stellar results came with the CH-6 valuation model. Everything after that is incremental value add. If the incremental value add tips the meter in the direction a buyer wants, then so be it. If serious discussions are actually underway, I don't really believe brand new results will necessarily effect the deal. Base case as it stands is a single pit operation...what is a buyer willing to

[oiltar]

I think DDC needs PGD more than Debeers. Debeers is the flagship for Anglos earnings so they must be on the hunt for a high grade JR with a 25+ million ct eventory and 44 diamond bearing pipes to build even more mines on the district. But DDC will lose big time if they do not get involved with PGD in some kind of way.The Jay pipe is garbage mostly industrial diamonds.DDC needs gem diamonds to