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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Post by Stornyon Jan 11, 2018 9:19am

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Post# 27332447

2018 Guidance

We should not be surprised with the 4th quarter results, but Matt is being very conservative with the 2018 guidance. I believe Matt has learned to "Under Promise and Over Deliver". The 2018 carat production is lower than the 2017 carat sales even though the daily production ore processing rate is over 6000 tonnes. Stornoway is spending another 22 million without a "HURRAH" moment forecasted in 2018. On the other hand, it could be worse with them not finding any diamonds. I believe Matt has a few surprises in his back pocket and waiting for the new plant addition to stabilize. TTFN

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This junior mining stock offers billions in market exposure