Peregrine Diamonds Ltd. PGDIF

I have a bad cold and I'm bored,so............

[shneps]

I'm going to throw out some ideas for fun, as I'm bored.
It started with the thought that, if Peregrine is not going it alone who's a logical partner.

Firstly, Peregrine has stated they intend on introducing a10tph DMS plant to the site. This makes total logical sense as moving large volumes of ore from Chidliak, on sleighs, to a DMS plant in Sudbury and on to Saskatchewan Reseach Council for final sorting has been a massive cost and a significant amount of time to transport to Iqaluit, ship to Montreal and than truck to Saskatchewan. A DMS plant allows bulk sample trench materials be reduced down to a transportable weights, flown out by plane and direct to the SRC.

So, where is the DMS plant coming from? Two or three quickly come to mind. 
1. DeBeers Dms plant from Sudbury? Don't think so. It's only 5tph.
2. Stornoway must have had a plant?
3. What happened to the 10tph DMS plant DeBeers had at Snap Lake? Sold in the auction?
4. ADP Group has (in the past) done a concept study for Chidliak, by DeBeers.

So,where might infrastructure be coming from eventually for Chidliak.
Well, it so happens DeBeers has announced the closure of the Victor Mine. The closure reclamation activities have been awarded to EBC Inc. for $32 million dollars. Reclamation has already begun and with the complete shutdown scheduled for Q1 of 2019. Building and infastructure dismantling will begin immediately thereafter. EBC will be responsible for the decommissioning, demolition, and disposition of all infastructures as directed by DeBeers. Besides demolishing everything and burying it onsite (a lot will be) you pack up the valuables over the summer and fall of 2019 and wait to build an ice road that is 390km long to Moosonee, load it onto a train to Cochrane, offload to trucks and send to a port or other destination.
OR, you load it onto shipping barges and send it straight up the Hudson's Bay to Iqaluit and onto Chidliak.
Trenching , DMS processing, analyzing results, road permitting, etc.through 2018.
Road construction begins, mine permitting, engineering through 2019. Chidliak has now been expanded to include (4) economically viable pipes. 
2020 - Iqaluit deep water completed, mine permits, camp and site pads begin construction, arrival of infrastructure from Victor mine begins to arrive. Chidliak has now been expanded to 5 or 6 pipes.Chidliak is also now the largest diamond mine project in the world.
Construction through 2021.
First ore through the plant 2022.
Having fun. No diatribes allowed.
Conversation welcomed.
Cheers

[madmann]

Hey Scheps, Good thougths however I spoke to Tom P. at PDAC last Spring (wonder if they'll be there this Spring?). I suggested the used DMS+ from Victor, however he said it would probably cost more to decomission, ship and re-install than just purchasing new.    I do wonder who the potential Partner/JV may be and where the $$$ may come from to further advance Chidliak. M

[shneps]

Only reason I say the decommission equipment would be relevant is if DeBeers were to be the JV partner. Who knows if DeBeers has been accumulating shares over the last three years. They are a private company and have no reason not to build their holdings up to the 9% without disclosing. Peregrine has stated they separated amicably, including using the DMS in Sudbury (after the JV split

[shneps]

Sorry, forgot to mention that Peregrine does have a booth at PDAC this spring. 2421B

[mill44]

You could do all that you are dreaming of with big pockets. Too bad Pgd has no pockets, let alone big ones. And if the Friedlands want full price for the project, the majors will let them pay for derisking it before they step in. They won't share the risks without the discount.