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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.

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Comment by mjl777on Dec 10, 2013 10:32pm

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Post# 21992708

RE:John Kaiser Stornoway Beef

Thanks for posting that piece. It's interesting that many of Kaiser's predictions have played out (although not exactly as predicted) and his criticisms of Stornoway remain relevant, even today. Stornoway could have been a powerhouse, but the allure of Renard (even with its marginal economics) and the legacy opportunity offered by getting into bed with the Quebec government was too much for our leaders to ignore. Well, we can see the fallout from that today. What's happened with Stornoway is the antithesis of a value creation exercise. It's been all about building a diamond mine in Quebec for years.

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