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7936567 Canada Inc SWYDF

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

Bullboard Posts
Comment by CravenRaven101on Sep 21, 2011 3:07pm
229 Views
Post# 19067703

RE: REALITY CHECK!!!!

RE: REALITY CHECK!!!!There is more than 1 side to a fact...interesting how one negative comment puts the construct cost at $450MM  another at $500MM... and perhaps for great effect we have CT hitting the $1Billion mark... pumpers.. dumpers, bashers all alike glomming onto the closest hint of a fact to try and sway the price of a single share in their favour... why do it???? why this stock??? my guess... because it has legs... it's a stock at a decent price... that is NOT going to fall off the planet... it will move up a dime ...down a dime... up a nickel.. down a nickel...so it's as safe a short play as any out there...

certainly I estimated costs at 1 billion... BUT that includes operating costs over the course of the first few years because no matter how you slice it... SWY Won't be operating in the Black until it's 3-5 years into operations... and I fully admit that my guesstimate... is probably conservatively high... ONLY because I choose to be prudent and pessemistic... that way... I am not prone to be reactive to any single metric or news... for me it creates a single minded discipline that lets me ride the cruel reality of ...well... of reality

GLTA... as always it's my opinion git yer own. ..Patience will WIN you the day
Bullboard Posts