Peregrine Diamonds Ltd. PGDIF

New Corporate Presentation

[shneps]

A few takes from reading through the new corporate presentation: 1.The statement of including the nearby pipes within the 8km radius "which is very beneficial for mining costs". They are aware of where they intend on placing the infrastructure, obviously closer to CH 7 based on the radius provided. 2.Robybob, you say they don't make any mention of trenching when in fact they do. They refer the need to trench CH6 for the breakage issue and bulk sample of both CH7 and CH44. 3.Currently the pit angle is at over 40%+. With the new geotechnical information they should be able to steepen this significantly. Increase the resource estimate (open pit) by probably 10-15%, by my estimates. 4. Watch, after the updated PEA, where the operating margins are going to land on the peer comparison chart. Once the (7) pipes are all incorporated this will becoming out on top. 5. I did note the HG Kim was lost at 470m. Was this a result of missing the pipe's rotation? Drill holes that were not completed that would have identified it further or is this the end of the HG. A couple of orientational views of the drilling may help but remains unanswered. 6.Everybody keeps talking about the cost of getting to FS, lets get a PFS incorporating the results based on having a DMS plant onsite. A partner will not be hard to find after that point. Won't be surprised to see Sprott kick in the 15-20mil. to get the PFS. Financials and MD&A are out next week or two. Need to see how much money is actually left in the coffers.

[Irishpotluck]

I think you should be right on financing. I did notice on page three as of sept 30 we had 4.1 million.....left over..

[ekim]

One subtle change that PGD is using now. With respect to the CH-7 breakage issue..I regularly used the term under reported for both grade and value and PGD chose to use the term conservative.  Now they are using the term 'breakage-compromised'  grade and diamond values. Makes a lot more sense to me then the word conservative. If they are going to need and/or get money before

[robybob]

thanks shneps, my point on the trenching is they have "not stated" they are going to do it this winter.   That would be in a NR In order to get to trenching as well as a DMS plant this winter were going to need about 12 million, at a dime, that adds millions of more shares as real road blocks to any gains in share price. Along with the millions already here from the last 3 or 4

[mill44]

Most people have already realized that this is not investing in a junior. Unfortunately, it is not investing in a major, either. You are investing in a major with the financial resources of a junior. You want to follow the Friedlands, you finance this to mine. Since the Friedlands set the pace, they must be ok with the way things are progressing. The project is undoubtedly moving, and probably in

[igalaaq]

Are we getting to that time of year where PGD has to raise more funds to pay the management salaries and other office incidentals?

[shneps]

I sense we might be ok for salaries but definitely require funding for any further work. Therefore the reason the stock has not had any reaction to the micro diamond results or the nice little green. As Robybob stated, and as I feel, the topic of "discussions with various entities" and close to the final moments of completion if not for a poor timing decision with a corporate board

[northmark]

Why not Ivanhoe? They could throw 50m at this, make Robert chairman (officially). He's the elephant in the room so why not let him run with it. 

[mill44]

I believe PGD reached a point where discounts attached to  further fundraisers are more scary than attractive to most shareholders. If Robert and his friends have been counting on the little guys giving up eventually, there is a good chance they achieved their goal now. Sprott has no reason not to underwrite the next rights offering, the project is better and cheaper than it was the last time

[greex27]

I suspect they've shaken a lot of shares out over the years but this last offering didn't seem to shake the resolve of those that were left at the table. Robert's promotion and the addition of Sprott likely helped motivate the fence sitters...I think we'll see much of the same if we have to raise additional funds.