Vote of confidence for Peregrine

The Financial Post.com reports that BHP Billiton (NYSE:BHP) will continue to participate jointly with Peregrine Diamonds (TSX:PGD)  in its’ Chidliak project in Nunavut.

The story is quoted as saying:

Peregrine will retain 49% of the marketing rights to the diamonds from Chidliak. This is strategically important in the long term as those rights can be use to develop a vertically integrated company, Mr. Cooper noted

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