Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"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."

Add To Watchlist

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > News

View:

Post by madmann on Feb 15, 2018 8:04am

News

Peregrine Reports a 58% Increase in Chidliak’s Ch-6 Kimberlite Inferred Diamond Resource to 18 Million Carats

Comment

Comment by shneps on Feb 15, 2018 8:29am

Wow. CH6 alone (including TFFE) is $5 Billion. 72% increase in the HG material at a $1000/tonne. That is an 86% increase in the high grade zone. I believe after Ekim gets a coffee or two into himself and he quickly crunches the numbers you're going to see this go up even more. Impressive to say the least. "The growth of the CH-6 resource is remarkable and together with the CH-7 kimberlite ...more

109

Comment

Comment by Kidlapik on Feb 15, 2018 9:09am

Don't be surprised if this news doesn't move the needle at all. So much investor fatigue that I fear nothing short of very good financing will get us any movement.

Comment

Comment by greex27 on Feb 15, 2018 9:14am

Agreed. How are we funding the winter program and what is the path to mine...The news isn't unexpected, but it's nice to watch the value of Chidliak increase.

Comment

Comment by shneps on Feb 15, 2018 9:21am

I agee also with the lack of price movement.If Peregrine is hoping for a share increase to justify another 10c offering I feel they may be mistaken as fatigue is setting in. Pretty obvious they went after the HG domain for valuation increase on the PEA. Cheers

101

Comment

Comment by cudjo on Feb 15, 2018 9:59am

good news, expected and priced in, it is the unkown that is holding this back. Updated PEA is next, but how pgd moves from there is unknown. Alone with a 2nd and 3rd paper mountian, or with the support of a well healed partner. Resource is getting there, but is the bros willingness to partner there as well. With the ownership structure, could it ever become a target? ...more

108

Comment

Comment by Kidlapik on Feb 15, 2018 11:11am

PEA will be pretty incredible already. Should see improved head grade, improved LOM and improved free cash flow. Last PEA was average $75/carat after tax cash flow Canadian at $887mil LOM after tax free cash flow on 11.6mil carats. Even with some increase to costs with underground I don't think the capex will be a huge increase given that the original PEA already had the $95mil all season road ...more

108

Comment