TSX:SRU.UN - Post by User
Comment by
LANNY9on Dec 11, 2008 10:53am
145 Views
Post# 15640024
RE: The News Boca is Referring To!(Yes There is Di
RE: The News Boca is Referring To!(Yes There is DiImportant to understand what the NR is saying. Not all kimberlites have diamonds in them and most companies will spend millions of dollars just to find out that they got skunked! This means that at least one of the kimberlites has diamonds in it which is a big first step. This should make it easier for them to find a JV partner, it may not be a major but then again it just might be. BHP is all around them looking for diamonds so why not? Now JV the sucker and get on with our metals!!! Only drilling will tell you is this kimberlite has significant diamond counts to warrant further work.
The NR also means that the top of the kimberlite was scraped off by moving ice flows. The diamonds, or more often than not, indicator minerals are carried off by moving ice. The kimberlites are found up ice from the indicator minerals themselves.
It has been several years since I invested in diamond companies, I may have to refresh my mind on all the particulars of prospecting and development.