Peregrine Diamonds Ltd. PGDIF

PGD vs KDI

[Kidlapik]

There seems to be a difference of opinion on this board. One camp views the market as the only viable source of information. If the stock goes down it is because it deserves to go down. I am not a market oriented investor. I invested in PGD because I looked at the fundamentals of it and compared it to the industry it competes in and decided that yes this was a good investment. If you are one of these investors keep reading, if not please disregard as qijouboard nonsense and leave. Other Canadian Diamond Juniors: KDI Kennady Diamonds Inc., NAR North Arrow Minerals, SGF Shore Gold Inc. Highest market cap comparable KDI. Those are the 3 companies in Canada that represent a current market fair comparison. As PGD is a front runner I personally believe that it is more comparable to SWY, Stornaway or MPV, Mountain Province but we will not get into that here. If you are serious about your investment then look at its nearest competition KDI. KDI Kennady Diamond Inc. - Current trading 52 week range: 6.11/2.80 Market cap 52-week range $287-Mil - 131mil: Canadian. Kennady North recently posted valuations for 989carat samples which broke the kimberlite into 3 main phases: A, B and C; their valuations are as follows - Zone A=441carats at $56us/carat ; Zone B 447carats at $70/carat= ; Zone C= 80carats at $123/us/carat at 2.02c/ton as per their website https://www.kennadydiamonds.com/project/diamond-recoveries. Location, near Yellowknife and subsequent Canadian diamond mines as they are very eager to remind you. It seems to be quite hard from visting their site to understand the tonnage they are talking about as their project is focused on a dyke, a dyke under water no less, which means a horizontal seam that is under a now standing lake. That consists of 4 diamond bearing kimberlites to date. KDI: $56-123us/carat at 2cpt on an undistinguished amount of kimberlite Market Cap: Currently $140-mil - 287mil. PGD: First just try to navigate their sites. www.pdiam.com is much more user friendly and gives up all their information very easily. KDI site is distorted and difficult to read. Remember that current regulations require a VERY high level of drill data before disclosing a resource and PGD has only ever EXPANDED on their estimates never reduced. So right now we have 8.57 million carats at an average $213us/carat graded at 2.58c/t just to a depth of 250metres. With an additional 3.2-4.4million tonnes as a target for futher exploration, keep in mind they have only ever EXPANDED beyond the TFFE minimums case in point is the January news release increasing CH-6 by 15% BEYOND what was reported as the TFFE before the initial declaration. Also keep in mind 250metres is NOTHING to the diamond mining industry their are mines, SWY, that have mine planes in place to go to 1000metres in Canada. Don't just listen to the market. If the market was always right nobody would every make money. Do your own research. KDI, North Arrow Minerals NAR, Shore Gold SGF, those are the closest comparable companies and PGD beats them all. Yet PGD is currently at below KDI's market cap of $140mil and well below its best market cap of $287mil.

[mill44]

It does not have to be one or the other. Looking at just one side, completely disregarding the other is not really doing due diligence. Take for example the fundamental investor, looking at hard numbers, maps and stuff. Unless you are one of the leading experts in the field, do you really think that you can see something that most will miss? The market is composed of all kind of investors, some

[Fivecarat]

Could it be so simple to place our SP problem on the fact that in the minds and pockets of who really pull the strings are looking at the fact Debeers walked thus the play is not worthy?   If the play was so good, as I and many others believe on what we know, then Debeers would or should have done everything in their power to stick around...some may believe. Is it that simple?

[ekim]

I hear you with the KDI site. When I want to quickly look at a press release, it takes 3 clicks for new releases, anything older then that takes an extra click. PGD's website, it takes 1 click to get one of  the latest and an older one takes 2 clicks. I don't know why KDI forces you to go all the way to PDF to view a release. Really bad user design. Just saw the analysts for KDI.

[Fivecarat]

Kidlapik, your post was great, my only concern is that sometimes the only thing that does really count is what the market believes about XYZ.  Its unfortunate that it works that way, but it is what it is.   As an investor in a diamond exploration company we all know the risk is substantial and the consequences either way can be extreme, so in a way it is a bet, even though some here

[Kodiboy]

A good time to release news, some news, would be right here, right now!