Peregrine Diamonds Ltd. PGDIF

I guess we are due

[oiltar]

for news this week

" a total of  of 3,345 kilograms of core sample acquired during the 2015 summer and previous core drill programs has been dispatched to the SRC for microdiamond recovery using caustic fusion. Results are expected through October and November 2015

[oiltar]

We will see the CH-6 inventory jump to 11 million cts in the top portion of the CH-6. My target for CH-6 is between 22 million cts to 28 millioncts depending on the nodule content.Using a 5% inventory of nodules with PGD stated grade of 25 ctpt would take this deposit to the 28 million ct target.If we see that  in the upper end of the WWW valuation we get $6.6 billion US for CH-6 or $7.2

[blackbart26]

Conservatively, what do you estimate the PGD price to be on the newsrelease?  

[Kodiboy]

Wow, who knows because we don't obviously know the content of the results but we don't know how these results will be disseminated to the market...is it going to be piece meal over a months time or is it going to be one or a few massive NRs?   

[mill44]

But of course, with insights like this it is hard to compete.

[mill44]

Conservatively, 13-15c, but I hope above 30c.

[Kodiboy]

Mill, huh?  13-15 cents is a conservative amount?   So so you think it's going to go down, or it might go up, correct? :) Predicting this one is really, really hard.

[mill44]

Could this be why you think that I am always right, Kodiboy?

[mill44]

Blackbart, the way I look at it is that right now there is no sign of buying power. It is enough to absorb selling to certain extent, to maybe put a floor under, but that's it for now. With the news coming up, any downside and the sellers will lose any motivation but the buyers will gain. SGF has not been under 8-9c and they fired everyone except the nightguard, so to expect to lose more than

[maintenance1]

Okay. SGF has about 10% fewer shares out. They have less than 10% of the grade. Their share price is 11% higher than PGD. Why? Is it because of location? Is is because of management? Is it due to credibility? Why? It seems to me that PGD should be in the $.50 range leading up to the results. What am I missing? Why does the market so deeply discount PGD?

[mill44]

It's the selling and the timing. People hope that they can get in cheaper and have less time to wait. Why get in now? Once the selling gives up or time seems to be running out or both, things will change. For how long, that I don't know.

[mill44]

Sgf has an advantage over Pgd. If someone makes a bid for 50-60c, they will get most of the shares. It has been under 30c for years. An other prime example where everyone can make some money except the very longs.

[explorer49]

James, It sounds like you've been drinking the cool-aid of that other village idiot Kaiser. Read this ridiculous statement from someone who says he's a mining analyst: "These nodules need not contain any diamonds such as is the case when the pressure-temperature regime was not quite right. But when it was, this material can have staggering diamond content exceeding 3,000,000 cpht such