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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 crockyon Jan 19, 2010 9:27pm
414 Views
Post# 16697799

RE: RE: RE: RE: RE: RE: Time for a wake up call

RE: RE: RE: RE: RE: RE: Time for a wake up callAp, this thing is way too big to get shelved but it is complicated unlike the NWT diamond kimberlites. I have no doubt that the major mining companies talk to Shore behind closed doors all the time. We see their jets coming into Saskatoon all the time. Now there is a BHP office in Saskatoon as well. One of the biggest problems has been Newmont's quiet . It's been 5 years since they came in and the excitement generated by that is long gone. In the absence of anything positive on their part ( like re-balancing the Star kimberlite ) the excitement has turned to worry exacerbated by the economic crash. Do we believe Newmont's public statements about FALC?
If we can't shake Newmont and wake them up it's time to bring in a diamond major that will. The appearance of a Rio Tinto or BHP will re-focus attention on the play and re-create some excitement that will be reflected in the share price. And an updated 43-101 Reserve Estimate for the Star and Orion South should also help a lot, assuming the internal rate of return improves 20-30% with the addition of Orion south. We're also long overdue for some sense of the direction of this play.
Bullboard Posts