Peregrine Diamonds Ltd. PGDIF

Ideal PGD scenario

[Kidlapik]

Exactly what happened to this company.

https://www.msn.com/en-ca/money/topstories/this-junior-miner-surged-five-fold-on-mine-asset-sale/ar-AAsXoVO?li=AA54rW&ocid=spartanntp

Frank Marasco, chief executive officer of West High Yield, said he got the price he deserved for the asset on 7,891 acres near Trail, British Columbia, just north of the Washington state border. The deal shows the company’s shares have been “suppressed” for the past four years due to poor market conditions for junior miners, Marasco said Thursday in a phone interview. The stock has been listed on the Toronto bourse since 2006 and never traded above 98 cents until Thursday, when it soared as high as C$3.80.

[ekim]

PEA showed a 42 year mine life, $600 million capital, NPV of over $800 million and a not so exciting IRR of 17%. ..and they have gobs of resource left in the ground. Tough to boost up the IRR by boosting the project. Those properties allegedly selling for US$750 million. Pending extension of the resource....Chidliak would ahve a 12 year mine life, $500+ million capital cost, NPV (after tax

[mill44]

A few things to point out before drawing parralels: West High has 55M shares, "suppressed price" in its case was a 4 year high and 50% from 10 year highs. This year it has trippled its SP. If you meant that low share count and interest in the company would be the ideal scenario, you are right. PGD had that and went from 20-30c to 4-5$ even without a takeover. Today, PGD trades close to

[Kidlapik]

The ideal scenario would mean getting what the Friedlands think the property is worth

[mill44]

I don't think anything can beat the scenario that Racer has imagined.

[Silverwhere]

So mill, why didn't you sell at 3, 4 or 5? YOU chose not to sell then. Do not blame the F Bros & PGD. Blame yourself. .