Peregrine Diamonds Ltd. PGDIF

9 years for SWY from PEA

[MrBigger]

to production. PGD should have skipped the PEA and gone direct to FS if they are as confident as you guys. PEA's have a reputation (deserved or not) of giving junior resource management what they want to hear. Do real mining companies ie BHP/Rio, etc. even bother with PEA's??

My other point is that millions of extra carats will hit the market next year. Any major may sit and sit and wait for PGD to sink and dilute. Where would the share price be without oiltar buying 10's of millions of shares the past 4 weeks??

[ekim]

Big companies do internal studies all the time from scoping through to FS. A lot of these projects are not material and don't need disclosure. Chidliak is material and a PEA gives a chance for mgmt to speak economics to whomever phones them. Hundreds of projects pay for a pea to be done and when the results come out negative market is none the wiser because the they don't release it but

[Kodiboy]

A lot of good points raised today. I doubt James bought 10's of millions of shares by himself, but maybe he did. As I pointed out before, Pgd is still just an exploration company, so they need to explore. They need to raise funds to do so, and as I pointed out before, rightly or wrongly, for SH, Swy issued over 3 billion shares in a good market place at the time with a strong local govn

[mill44]

Mr. Bigger, if you believe that the only way to get the market to start to appreciate Chidliak is to start building a mine, you are right, this could be dead for a long time.  If you read my posts, you know that I don't recommend it as a hold yet, at least not with conditions, but I still see a few possibilities to tripple the SP before a mine. The stock is not without risks, but if you

[Kodiboy]

Gee Mill, good advice as mine are indeed in a retirement fund...great call! My kids will get free tuition from SFU, so the education side is covered, except for text books, which by then will not be in hard cover form anymore, me thinks...on line.

[mill44]

About skipping the PEA, it really depends on their intentions. What it they are looking for the cheapest and most effective way of advertising what they have for sale?