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Star Diamond Corp T.DIAM

Alternate Symbol(s):  SHGDF

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).


TSX:DIAM - Post by User

Bullboard Posts
Post by Saskatoonboyon Nov 24, 2006 11:39am
501 Views
Post# 11743424

Crocky,Prigoni.Jesk correct me if I'm wrong!

Crocky,Prigoni.Jesk correct me if I'm wrong!Guys with the 800 mill. tns of kimberlite on the jv side, with a much smaller overburden than star, and the area being a joint venture. Would it not make more sense for Shore to want to develop the JV side first. They would have help with financing the developement.(ie Newmont's share) They also would be able to bank some profit from a developed mine and then use the money they have from profit to finance the development of the star. Thereby not having to dilute the stock further and not having to finance the developemnt and have interest costs worked into their bottom line. Please give me your input as to what you think is a resonable approach for Shore to take regarding development and am I way off line here?
Bullboard Posts