Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > DeBeers Victor
View:
Post by shneps on Apr 11, 2017 10:34am

DeBeers Victor

Throwing out a conversation for the board.

If indeed DeBeers is looking to shutdown the Victor Mine (I personnally feel it may be just posturing) but if indeed it is the case. The closing obligations would include the dismantling of the mine infrastructure and returning the site to nature and continuing monitoring. What are you going to do with a 8,000t/day diamond processing plant and its assosiated components?
To demolish and scrap would entail dismantling, transporting 400km on a winter ice road, offloading and then reloading onto trains in Moosonee, train to most likely Sault Ste. Marie (approx. 700km), offload to trucks, and recycle.
Why not transport the components via winter road (approx. 120km) to a preordained location on the Hudson Bay coast and once the summer shipping is available, ocean barge the components directly to Iqaluit and offload in its new deep water port and straight on to Chidliak via new the allseason road.
I have too assume this has been a conversation DeBeers is having in house. Tom Peregoodoff  has stated on many occassions that Peregrine and DeBeers parted on amicable terms and are in regular conversation to this date.
Just reviewing different scenarios.
Cheers
Comment by madmann on Apr 11, 2017 11:54am
Scneps, I already addressesd that. I spoke to Tom at PDAC and suggested the same thing. He said it would be cheaper to buy new! M
Comment by shneps on Apr 11, 2017 11:58am
Thank you sir.
Comment by ekim on Apr 11, 2017 1:09pm
I also asked about a DMS unit onsite or in Iqaluit versus shipping out to the SRC. The response was that the DMS would ahve to be serviced and fuel is needed...it is not free just to have a DMS unit. Implication was given that the the cost of a DMS and a servicing it is not going to be a huge differnet then the traditional way of shipping out the bulk sample to Iqaluit and on a boat to Montreal ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities