200 Day Moving Average - Broken through

Significant week with the 200 day moving average pushed through and significant volume over the last couple of days.

Stock has appreciated significantly from the 20 cent range to the 30 cent range.

Robert Friedland did scoop up some of Ned's warrants and owns about 25% of the entire company.

Upcoming news:

Tom is in Iqaluit next week at the annual Nunavut Mining Symposium.
This is a big event and shows the local community the commitment by Peregrine Diamonds at Chidliak and Baffin Island.

Also, next week, there is the closing of the Botswana deal on April 15th.

Key points:

Robert has invested a lot more $$'s into the company.
Over the last 7 months, the company has raised $28.6 million to push the project ahead to and past the PEA level.

Over the last 7 months, the market cap at the bottom was equivalent to $28.7 million.

Those numbers are very similar and when you think the chidliak as a potential $1.5 billion NPV discounted to today, there is a significant amount of value to grow into.

Huge.