Peregrine Diamonds Ltd. PGDIF

Kaizen Discovery?

[shneps]

I know I have run this scenario through my head but just wanted to get some board insight on the notion.
Is Kaizen Discovery a potential partner?
Kaizen Discovery is 70% owned by HPX (High Power Exploration) which is Robert Friedland's private company.
Most of Kaizen's exploration funding is through Itochu Corporation, a $22 billion company, that is highly diversified through all business sectors.
Kaizen seems to be more focused currently on copper, gold and silver but Itochu's interests are very diverse.
HPX's Typhoon Exploration Technology could be readily deployed for additional metals exploration at Chidliak but may also be very effective for Botswana as the technology works particularly well in semi arid to arid overburdens (like the Kalahari)
This again gives Robert his diamond mine plus Itochu's huge finanical backing, Everybody wins (including us)
Oh and by the way................. they are located in the same office as Peregrine Diamonds.

[schocor]

Well I for one would NOT like it if Kaizen discovery took out Peregrine Diamonds I take your point but I think it has a small chance of happening for the following reasons. Robert has a track record of finding, developing deposits like this and the public by and large succeeds when he does. Kaizen buying Peregrine out would amount to Robert taking out minority shareholders and people generally

[ekim]

Depending on what your definition of partner is....Pgd and Kaizen etc. are already partners. Sharing staff, sharing knowledge and maybe even share technologies eventually? If metal anomalies are tantalizing at chidliak....HPX or Kaizen could option for metals on chidliak. Not sure if that is in the cards as it would put a dent in the 100% unencumbered ownership.long...Pgd...ekim

[shneps]

Could be applied as a royalty stream related to potential metal anomolies? $50 million now for this winters program, a small diamond and metals royalty, and enough cash to get us through to a FS. Plus we are still sharing staff, office, resources and technology. With all the different companies Robert runs out of that same suite (at $5 million a year) you would think something might coalesce

[justanormalguy]

With the general regional support and excitement of Chidliak in Nunuvat, combined with this Winter Program, what are the chances of bypassing the PFS and moving directly to a bankable FS?  That is, provided we get the funding.

[shneps]

Peregrine needs $50-$75 million to get to the Feasibilty stage with the timeline for FS being H2 of 2019. Their intention is also to begin construction in H2 of 2019 ( I would assume this being the all weather road to begin). The Iqualuit deep water port is expected to be completed by 2020. This gives Peregrine 3 years to complete baseline enviromental, hydrologic, geotechnical work, plus

[ekim]

If they have a JV that takes this to construction ...Then it is really about execution execution execution here on out. If not...Then it is about work, study, raise money, and repeat. They have two brand new mills full of highly technical work in cold climates that are very recent in Renard and gahcho. Designing and building a rough diamond mill in Canada should be pretty straight forward with a

[greex27]

This doesn't need to be a critical moment in the story but we would all like it to be. PGD can figure out how to fund the winter program but the hope and we have to assume PGD's intent is to figure out how to fund to production. To EKIM's point, if they find the path to funding then it's just about executing a long and boring path. For many of the longs here, de-risking the story

[cicerelli]

these boys have a lot of scratch, why wouldn't they do it themselves, like SWY? 

[greex27]

That's certainly a real option but there's a fair bit of risk and I think they're prepared to give up some of the upside to share some of that risk. Right now they are sharing that risk and upside with the balance the retail shareholders and if they have an opportunity to make a buck and ride for free by way of a JV I think they'll do that. They aren't fools, a bird in the hand

[griefman]

Swy did it themselves?  Over 800 million Swy shares out right now, which when you take into consideration the 4 for 1 consolidation they did a while back, actually balloons to almost 3 BILLION shares outstanding...I think most here are praying that Pgd does NOT go the Swy route...