Friday, April 24, 2015

Golden Cross

In the technical world, the golden cross happens when the 50 day moving average crosses over the 200 day moving average.

Peregrine Diamond's stock is on the verge of achieving this very goal.

The stock has had a very reasonable rally and has consolidated a bit on some weather related news with the Chidliak bulk sample.

The good news is that the drilling on CH-7 is almost completed and a valuation model with CH-7 will be move TFFE material into the inferred category in time for the Preliminary Economic Assessment (PEA).

The much smaller CH-44 may miss the boat with this PEA...but I suspect will be included in a subsequent PFS or FS study.

Each year, more and more work is done at Chidliak and the Value add to the project increases. This spring drilling program is no different. There will be value add in addition to what is already known.

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