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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
Comment by THEBIGM27on Feb 13, 2008 7:26am
331 Views
Post# 14364238

RE: Too strong that canadian dollar?

RE: Too strong that canadian dollar?like i said a few posts back,the rising canadian dollar may shelv this project, if grades dont get higher,margin of error,getting much higher,10 years ago it looked great,but now with the higher loonie,and going alot higher,jim sinclair has forecast the loone to climb as high as 1.25 over the next 2 to 3 years,and 1.70 over the next 5 years,OUCH FOR SHORE SHAREHOLDERS,then add over a billion for construction costs,lets call it 1.5 billion.its not looking pretty for shore diamonds,debeers might just be pulling out of canada,SCARRY TIMES FOR SHORE,ONLY TIME WILL TELL.dont forget the price of oil,boy i heard an expert say 200 dollar oil yesturday on bnn,five years down the road,isnt that when shore start to mine the star,its going to cost big bucks to truck that overburden,boy you might need 500 dollar a carat rough just to break even,and i dought that very much,for the worlds in a huge slowdown,people stop spending,you know what i mean,the R word.you still like this play,why do you think shore has not been taken out after 12 years at this ? it gets worse every year,and so does the stock price.jmho. hello three stooges.
Bullboard Posts