Peregrine Diamonds Ltd. PGDIF

I have move my target up

[oiltar]

In light of yesterdays news I have moved my in situ target for the CH-6 and 7 to $7.5 billion

I would like your opinion on this target Mike.

James

[oiltar]

My fair value price target is now $2.25 if PEA confirms the in situ value.I used a 10% discount gold valuation.

[aea257]

I hope you're right James. Just sold out my postion in Stornoway to add more PGD. 

[Kodiboy]

aea257, what, you sold ALL of your Swy to buy Pgd?  Taking a chance with new valuation from Swy probably coming out sooner than any material news from Pgd, unless you believe we will not see a good NR from Swy, which is possible...still, a gamble in timing IMO only, but that's what makes it interesting indeed!  Good luck!

[ekim]

SWY is far more sensitive to a 10 to 20% drop in Rough diamond prices than PGD. If I remember correctly, I believe SWY actually escalated rough diamond prices every year for the life of mine. 1.5% per year or such. Plus SWY has gone from 50 cents to 80 cents with huge market cap movement. 90 warrants are significant as well...which puts a big of a capper on it. Probably not bad, if you made

[Shopperator]

I too sold my SWY and have planted almost all of it in PGD. I guess, I feel like there is a bigger play possible even if it is a far way out. I still like SWY. The specials potential is awsome yet, look at Lucara. They are not feeling the love in SP like they should. IMHO. SWY has already streamed some of its worth before it is even worth....ya know? Shopperator

[Kodiboy]

I agree and disagree with the outlook on Swy.  Agree that if you don't have a position, then maybe wait, but if you do have a current position at a decent price, maybe hanging on for a couple months is a risk but could be a good payday, time will tell of course.  I'm not sure putting all my eggs in the Pgd basket at this time is a great idea as well, but holy moly, who really

[MrBigger]

"They are not feeling the love in SP like they should. IMHO." What Canadian resource company is feeling any love this summer??

[Kodiboy]

Good point Mr bigger and perhaps expand that for the entire year and the foreseeable future.  Some would ask, why the EF is anyone in these kind of stocks?  Why indeed?  

[aea257]

What do you think a takeover bid would be then?

[ekim]

Won't speculate on the share price target..however, I will do another NPV calculation based on the updated information. CH-6 has a narrow target for the PEA now. CH-7 is still wide open on many levels...so I'll be optimistic at this point. LONG...PGD EKIM