Peregrine Diamonds Ltd. PGDIF

PEA News out

[ekim]

--> News release

Looks like they fattened up the top half, utilized the new geotechnical information and basically made a narrower and deeper open pit at CH6 and left the lower bit to a future UG, not conceptulized in this PEA.

Still added a couple hundred million in NPV after tax with a reduction in diamond price escalation from 2.5% to 1.5%.

The NPV (before tax) hit over CAD$1 billion.

Fresh news....won't have time to look at it too closely right now.

LONG...PGD

EKIM

[robybob]

earlier than expected: New Chidliak Preliminary Economic Assessment increases Phase One Life of Mine diamond production by 44% to 16.7 million carats   05/23/2018 7:30:00 AM   Base Case After-tax Net Present Value increases to $679 million and an Internal Rate of Return to 31.1%

[shneps]

The U/G aspect is great to know is available but at the moment the U/G costs are pretty high and don't show great optics with the tonnage available. They only got a couple of holes into the 525 depth. Eric comment is encouraging: "We are currently assessing various options to advance the project and hope to be in a position to outline a comprehensive way forward to our shareholders very

[robybob]

no idea why the NR did not post here, the preview shows it... try again: NEW CHIDLIAK PRELIMINARY ECONOMIC ASSESSMENT INCREASES PHASE ONE LIFE OF MINE DIAMOND PRODUCTION BY 44% TO 16.7 MILLION CARATS Peregrine Diamonds Ltd. has released the positive outcome of an updated independent preliminary economic assessment (PEA) for the Chidliak phase 1 diamond development (CP1D) incorporating the

[robybob]

Good point,what is interesting shneps, is they initially did the work because of the underground potential/study. This wasn't expected until mid late June, so lets start the speculation, why early? Is it because they have a suitor who wants to make hay before the days start getting shorter, that is only a month away btw. Lets hope so. Will be interesting to see if there is a surge in

[shneps]

2 2000 0.150 0.150 83000 6 2 55000 0.145 0.155 65500 5 3 25500 0.140 0.160 152000 9 10 316000 0.135 0.165 500 1 2 53000 0.130 0.170 24000

[robybob]

thanks shneps, regardless of format, not a huge wall, would think with the PEA out it should come down pretty easily, we will see, good luck all.

[griefman]

PEREGRINE DIAMONDS LTD. (CA:PGD) Size Bid Ask Size 38500 0.155 0.160 24000 46500 0.150 0.165 4000 40000 0.145 0.170 27500 27500 0.140 0.175 28500 316000 0.135 0.180

[northmark]

Thanks kodi

[griefman]

U r welcome....

[cudjo]

thanks for the level 2 kodi!  Not much of a wall, good numbers, 22 million carats between 6&7, will all come down to the next NR, if they were expecting the PEA to raise the roof, and it is early today, and then do another rights, ouch so far, the trading so far says only a partner is going to help the sp.  This was early as rob mentioned, could mean that a partner is being finalized

[shneps]

Oww, that didn't post well. Sorry

[Kidlapik]

LOL, mining depth 300m, no underground consideration, an NPV of $680 and a capital cost of $455mil, free cash flow before taxes of $2bil. Wow and this still leaves a TON of diamonds unmined lol Big question is, and seems to have always been, do the Friedlands want to share?

[griefman]

I mean really.... anyone just looking at this must wonder, huh, what, only 16 cents, WTF is going on?

[Kidlapik]

Currently trading at a 95% discount rate to PEA!

[mill44]

or 50% premium to the next offering. We will see.

[griefman]

You know the saying: your disapointment is equal to your expectations....so hold off, not quite there yet. GLTA