Re-post..From Stockbullz.comI always have my eyes and ears out open trying to find the next big company or trend. I think I have picked up what will be a huge bull market: Diamonds!
I am no Diamond expert but I did a little research and it turns out that Diamond Mining is the most profitable of any type of mining. Diamond mines, when found, are more valuable than even uranium mines. And when compared to uranium, diamonds are a larger industry.
In Canada, there are only about 40 listed diamond companies. This is not a huge number like uranium or gold but it still gives an investor a decent selection to choose.
Of course, every one of these companies wants to convince you that they are on the verge of finding and developing the next diamond mine. Yes, I am quite sure that 2 or 3 or those companies will succeed but most will fail and eventually wither away.
Diamonds are very hard to find but when they are found, it is a jackpot. Ekati and Diavik, the 2 largest mines in Canada right now have a value of over $11 Billion! Even the smaller Tahera mine that recently went into production has a value of close to $500 million. Yet most of our little diamond exploration companies have values mostly under $50 and $100 million. That means that upon a large discovery, there is certainly a lot of room to profit.