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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.


GREY:SWYDF - Post by User

7936567 Canada Inc
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Comment by Diopsideon Oct 31, 2008 4:17pm
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Post# 15559453

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Stonenoway

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Stonenoway

Where do you get 0.05 carats per ton from? The study highlights lists grades from 0.31 to 1.21 c/t. No numbers of 5 cpht were given as far as I can see. Would you please indicate where you found this number?

The given cost assuming on-site diesel generators for electricity and CAD$1 = USD $0.9 is CAD $50.39/t. This will be about $55/t if there is no all-season road access.

As for your comment of "Anything less than 1.5 carats per ton is worthless!!", that is incorrect. Many diamond mines have grades well below 1.5 c/t. Examples are Letseng @ around 0.1 c/t, Koffiefontein ~0.2 c/t, Koala North ~0.8 c/t and Diavik A11 North ~0.3 c/t. Even Victor at Attawapiskat has a grade of less than 1 c/t.

The diamond value is the important factor here, high value can offset low grades. Renard has values up to $109/c which is on the high end of things.

I look forward to your response Aunt Sally.

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