7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals

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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7936567 Canada Inc

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Comment by mjl777on Oct 15, 2014 2:43pm

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Post# 23030807

RE:RE:Some Solutions to Turn this Dog Around?

Great summary LC. You have great insight into the technical side of things. Something I definitely lack.

I've always believed that there is significant upside with Stornoway (obviously,so does Orion) and I still do. For whatever reason, Stornoway's leaders appear content to allow the upside (potential) to materialize painstakingly slowly. With a CEO, 7 VP's and millions upon millions spent on pre-development costs prior to the financing deal, you would think that they would be on top of communications and any other work required to unlock value. I realize that they have to wait for results from the lab, but surely they must already be considering refinements to the mine plan and know a great deal about what it will actually cost to build the mine. A little more transparency would go a long way.

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