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"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."

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Peregrine Diamonds Ltd. > PEA = Meh

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Post by schocor on May 23, 2018 10:52am

PEA = Meh

The new PEA is an improvement to be sure. A more surface focused PEA leads me to wonder why we did all that extensive deep drilling at CH6. Meh Lets get a partner, some money and focus on those 6 underexplored pits. A 2000tpd mill is fine, but an ~8000tpd mill (and the ore to feed it) is how we really goose the economics of this project. Childiak is a diamond district - mine it as such.

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Comment by mill44 on May 23, 2018 10:56am

Both the latest work and the new PEA seems to be tailored to meet some specific goal.

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Comment by griefman on May 23, 2018 10:58am

Ya think?

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Comment by schocor on May 23, 2018 11:26am

"Tailored to meet some specific goal"....hmmm. Well, it does seem to be a different "focus" than the initial PEA (no UG) so I will have to agree with you on that. Can I ask you to fire up your prediction machine and see what comes out? I am expecting a few responses stating a partner is imminent, and this study was done as a proof of concept to advance this sale; I am looking ...more

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Comment by mill44 on May 23, 2018 11:33am

I hope that is the goal. The rumour has been that at least a partner, if not a sale, is coming. I really hope that it happens this time. I don't like it that it seems to take a bit long.

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Comment by griefman on May 23, 2018 12:07pm

Mill, it seems that you have used the “rumour has or is” a few times now, as if you know something we don’t, or are you just stating the obvious hopeful outcome?

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