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Arctic Star Exploration Corp V.ADD

Alternate Symbol(s):  ASDZF

Arctic Star Exploration Corp. is a natural resource company. The Company is a diamond explorer engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project and Timantti Diamond Project. Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north-northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine in the northwestern territories of Canada. Diagras Property consists of 58 contiguous claims with an area of approximately 48,346 hectares. The Timantti Project is located in Finland, approximately 17 km away from the town of Kuusamo. The Timantti project, owned 100% by the Company, consists of two Exploration permits, the 243 Ha Exploration Solavaara Permit and the 882 Hectares Vaimouso permit totaling 1125 Ha. The Project is also comprised of two Diamond Bearing Kimberlites: the Black Wolf and White Wolf Kimberlite.


TSXV:ADD - Post by User

Post by hedgeron Feb 21, 2010 6:19pm
266 Views
Post# 16804693

best chance with providence nickel

best chance with providence nickel

ADD remains an interesting option play on 3 fronts.  the diamond chase can be a mug game at best certainly as evidenced over the last decade with many losers compared to a minute number of actual producing winners.  providence is quite interesting re nickel potential.  i hold GGL resources which moved up 1500% in one day a couple of yrs ago on indications of nickel in the same area.  ADD has had some strong results from testing so far and kind of complete GGL's suggestion there is a discovery to be had.  in that release there was talk of another voisey's bay hence the dramatic move up in one day from 0.15 to a high of $1.50.  could this happen again?  maybe, but not with a quarter million shs o/s.  with ADD.

i own enough ADD at a little higher price but feel comfortable holding at this point.  all you need in most venture plays is potential of a discovery and knowledge that at least the mgt is moving forward and not burning $ doing nothing.  hiring a p.r. co. can do little harm and as far as options go it is to their advantage to get the s.p. higher than 0.07. 

like the insider buying in the last months but they can sell just as fast.  of course, seldom will the insiders be losing money in the long term, just write more options.  very afraid of the o/s right now and a consolidation only hurts the retail holder.  a discovery at one point would help.

all in all you have to like the mgt direction here, they are at least moving onwards on three fronts.  i believe that is enough to be a holder here or a new buyer.

fingers crossed something positive is around the corner........providence is the next area of interest............

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