Dividend Scenario

Based on the NPV #2 Calculation - NPV #2 Calculation

and with some creative assumptions, here is one scenario for dividends

Assumption #1 - Chidliak brings in a partner for 50% of the property and that partner has to be pay for all expenses to FS and then will pay for construction with Peregrine Diamonds paying back from production cash flow.

Assumption #2 - Chidliak does open up pipes down the road beyond NPV #2 calculation.

Peregrine would be giving up half the property and only get half the earnings,but would no longer need to go to market to dilute shares.

Total shares - 285 million

Projected positive cash flow (50% to PGD)

Year 2021 - $300 million ($150 million to PGD)
Year 2022 - $300 million ($150 million to PGD)
Year 2023 - $300 million ($150 million to PGD)
Year 2024 - $300 million ($150 million to PGD)
Year 2025 - $300 million ($150 million to PGD)
Year 2026 - $150 million ($75 million to PGD)
Year 2027 - $150 million ($75 million to PGD) 
Year 2028 - $150 million ($75 million to PGD)
Year 2029 - $150 million ($75 million to PGD) 
Year 2030 - $150 million ($75 million to PGD)
Year 203x - $150 million ($75 million to PGD)

Assumption #3 - PGD gives 80% of earnings in the form of dividends.

Expected Dividend:
Year 2021 - 42 cents
Year 2022 - 42 cents
Year 2023 - 42 cents
Year 2024 - 42 cents
Year 2025 - 42 cents
Year 2026 - 21 cents
Year 2027 - 21 cents
Year 2028 - 21 cents
Year 2029 - 21 cents
Year 2030 - 21 cents
Year 203x - 21 cents 

Discounted @ 7% gives an NPV of the dividends of $2 per share.
Enterprise value of 100% Chidliak would be $4 per share.








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