Peregrine Diamonds Ltd. PGDIF

What is a JK? Why is it a gospel on numbers?

[schocor]

Trump likes to use the term "fake news".

[cudjo]

if you don't know who JK is on this board, or with this stock, you have done zero dd, go talk to a broker and get off BB.  Good luck

[cudjo]

let me rephrase that, JK is not on this board, unless with an alias, ekim?  lol.  Just about anyone on this board, with the exception of one, knows who JK is, and the pompoms have all sung his praises.  Good Luck.

[schocor]

Well based on your response and quotations Cudjo - I will assume he is a archean focused geologist who maybe puts out a subscriber based newsletter where he provides though the minute cost estimates on feasibility studies. So that $50M you parrot about must be a VERY recent number right? right.

[cudjo]

schocor, again, you require a simple answer.  If you have been paying attention, and did a tiny bit of research, and it is obvious you are not, and do very little dd, can I quote you again on why anyone would want to drill a hole in the artic in the middle of winter again? The 50 million is not my number, I scoffed at it, but as you’re a pompom and pompoms love fluff,  I have used

[schocor]

Cudjo If you are using numbers that you yourself balk at - I think I have made my point. Cudjo's numbers are at BEST speculation. Hey - maybe call the CFO OR you could have asked him at the AGM. Just saying.

[cudjo]

are you stupid?  JK's numbers are his numbers, the AGM did not allow calls, if you did research you would know that.

[mill44]

Yes, you can go talk with the CFO but you might want to get a second opinion from outside to verify that they don't blow smoke up your tush. Not many options with PGD. I think a lot of people believed Charles Ponzi, too. Now there is a thing named after him.

[schocor]

I agree Mill It is GOOD to have useful, verifiable numbers to work with - and POINTLESS to work with numbers (or derivatives of numbers) that do not meet this threshold.

[cudjo]

so, as the board expert on FS costing, you reject JK's number of 50 million, my estimate is 30 million, and you reject that out of hand,  what is ..... yours....wait.... I don't see it....so... as most pompoms do regularly, especially if they do zero dd, and are just waving the pompoms, slam a poster with fluff instead of facts.  This is a discussion board, not a popluarity board

[schocor]

If you don't know what the FS entails - what pits we are mining, what equipment we are using to do it, what your plant through pout it etc - you are working with NOTHING. How to you cost out a FS based on NOTHING? You expend a terrific amount of time calculating numbers, regurgitating these numbers etc - but you have no basis other than a 5 (?) year old, placeholder number which I believe was

[mill44]

You still need to start somewhere. And what is Robert Friedland's number? As we all know, any expense at all will require fundraising. So even an FS at 10M would mean 100M shares at 10c and considerable time waiting. That would progress the project, but most likely put the SP on ice. Does not make Cudjo an idiot, even if you are right. As I said a few times in the last couple of years, the

[schocor]

I think I take the most offense to the mention of the $.10 financing necessity. Yeah we have done one recently - and it was a reaction to a funding partner pulling out of funding project per management. As someone intelligent said recently we COULD simply ice the project until conditions improve. I don't recommend it - but I have worked at mines that have never done a FS. You usually need

[cudjo]

one??? one?? ONE dime financing, one, read that again, ONE???, and report back, please, and you think a government is going to lend 540 million to PGD based on a PEA, your a really confused pompom.

[mill44]

There are alternative paths the company can take, for sure. But what do we have to go on? History and what the company is telling us. We know that they have been trying to secure funds. They used rights in the past to advance the project. If what we think about Chidliak is right, it is in the major shareholders interest to finance more work with cheap shares. Could they just go straight ahead and

[cudjo]

worthless to you as your a pompom, do zero dd and disagree, fine, can't fix stupid. My estimate is based on moving forward with a FS for 6 and 7, those pits, that equipment, in the "winter" because of, well airplanes and all, unless you prefer backpacks and donkeys as you suggest.  etc.  As for the rest, 1 and 44 and the other economic kms. will be studied once the plant is

[schocor]

A full FS for CH6 and Ch7 is not what the company will be pursuing as a next step. Getting a partner to fund further exploration of Ch1 and Ch44 is the goal. An economic Ch6 is a carrot we are dangling to get interest. After we know what is up North at Ch44 and Ch1 - and maybe some other exploration along the way - we be cable to proceed with the FS. We are 10 years away from a mine at Chidiak

[robybob]

Schocor, I am trying to get some clarity on your post, I value your stated mining experience.  I have none. Your saying they said at the AGM today that a FS is not our next step, were you at the AGM? Were you told that finding a partner to further explore the other kimberlite is our stated goal, they said this at the AGM? Did they say how they will fund further exploration if they can not

[mill44]

You said it yourself that it is expensive to explore in the North. When they offered a deal to DeBeers they talked about 57ish M that DeBeers would spend to get through permitting and FS and reach a mine phase, with the possibility to cost more. So 30 to 50M does not sound too unbelievable to me. The problem is that even if it cost 10M, they don't have the money.

[mill44]

No matter what Kaiser is, he is pretty much the only one outside the company who bothered at all to look at PGD and talk about it publicly in the last 3-4 years. His words might as well be gospel, because there is no one there to contradict him. Something to think about.

[cudjo]

true mil, if they do another rights, wonder if he will finally throw in the towel, finally, as he did a while back.  Good luck.