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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.


GREY:SWYDF - Post by User

7936567 Canada Inc
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Comment by 4kingncountryon Jun 22, 2015 11:18pm
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Post# 23857897

RE:RE:RE:RE:RE:RE:More great news Now the excess capital is 87 million not 37

RE:RE:RE:RE:RE:RE:More great news Now the excess capital is 87 million not 37Pierre, what you are saying does not make sense.  This is great news. Diamonds are based carats/US $. SWY will be getting cash in US $therefore  the loan will remains the same.
Right now, all involved in the construction are paid in CDN $. This whole project will end up approximately costing at least 10% cheaper than estimated based of CDN/US current difference ( as per original estimate of 1.1CDN/1US.
Bullboard Posts
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