Imangine!!! I found the article posted below on Yahoo while I was scanning today's news. Imangine changing the name, Nare to Dianor! Wouldn't that be a NR worth reading!! LOL.
If you read the whole article it states the egg sized 235 carat diamond was discovered in aluvials. Guess what DOR has millions of tonnes of? You guessed it, Aluvials! Does DOR have that potential? Absolutely!! Mind you, it is on the extreme end but,an entertaining thought nonetheless.
Nice rise in the share price today, which was expected as the month end draws nearer and news of the mini bulks get ever closer.
I think most of the boredom is over and the longer term buyers have settled into their position for the next leg up.
Next week should see more action and volume. The beginning of the week may prove to be uneventful but, towards the end of the week we should see some serious trading occuring.
Have a great weekend and enjoy the article posted below....Cheers..Mad
Diamond firm finds egg-sized gem
Fri Apr 21, 09:00 AM EST
A small diamond company uncovered a huge 235-carat gem -- the size of a hen's egg -- in South Africa only a few weeks after launching its operations, the firm said on Friday.
Nare Diamonds Ltd. said it uncovered the rough gem on Wednesday after resuming mining in March at the Schmidtsdrift mine, 50 miles northwest of the country's historic diamond center of Kimberley.
The mine was shut down three years ago by another firm that went bankrupt, a spokesman said. During the mine's previous operations, the average size of stones was 1.14 carats.
"The large-sized gemstone is octahedron in shape and of very good quality according to a third party assessor," the statement to the London stock exchange said.
It is hard to set a value for the diamond because typical valuation measures fall away when diamonds reach a certain size, the spokesman said.
The world's biggest diamond group, De Beers, found a 316.7 carat diamond at its South African Venetia mine in January, the largest-ever find at Venetia.
The largest-ever gem, the Cullinan, weighed in at 3,106 carats when De Beers discovered it in 1905, but other massive diamonds have ranged around 600-900 carats.
In 1986, De Beers discovered the 755.5-carat Golden Jubilee, which is now the world's largest polished diamond at just over 545 carats.
A spokesman for Nare said the discovery does not necessarily mean the mine holds other sizeable gems since it is from an alluvial deposit -- a former river bed where diamonds were swept from a smattering of other eroded deposits.