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| | Corporate Profile: Peregrine Metals Ltd
Publisher: Kaiser Research Online
Author: Copyright 2010 John A Kaiser
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Peregrine Metals Ltd (PGM-T)
| Peregrine Metals listed on the TSX on March 11, 2010 after completing a $20 million IPO at $1.00. The company was originally a wholly owned subsidiary of Peregrine Diamonds Ltd. and its shares were distributed to the shareholders of Peregrine Diamonds Ltd. in October, 2005. Since that time and prior to this IPO and the special warrant private placement, the company had privately raised approximately $30-million between 2005 and 2008 for drilling and exploration programs at its flagship Altar copper-gold porphyry project in San Juan province, Argentina, and elsewhere in Latin America. In October 2010 the company announced an updated resource estimate of measured and indicated resource of 802 million tonnes, containing 7.41 billion pounds of copper at a grade of 0.42 per cent Cu, plus 1.53 million ounces of gold at a grade of 0.059 g/t, with inferred resource of 465.6 million tonnes, containing 4.32 billion pounds of copper at a grade of 0.42 per cent Cu, plus 880,000 ounces of gold at a grade of 0.058 g/t, both at a 0.3-per-cent CuEq cut-off grade. In July 2011 the company agreed to be acquired by Stillwater Mining on the basis of 0.08136 share of Stillwater stock and $1.35 (U.S.) in cash for each common share of Peregrine, roughly a $451 transaction value. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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