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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 amartino85on Jul 20, 2010 9:12pm
739 Views
Post# 17283476

RE: We're down to the last week

RE: We're down to the last weekWell I do think Newmont is definetly out of the picture for sure.  Reading their MD & A from their 2009 Annual report it is obvious that they are not keen on the project and are concentrating their efforts on other areas.  The impairment charge they took last year is a very worrying indication that this project may not be economicaly feasible.  Now I hope on that front that I am very wrong.  But you have to be afraid when one of the bigger players in the industries and JV partner is bearish on the project economics.  Now I dont think big players like Newmont are wrong very often and you have to give the impairment charge taken credibility. 

Hopefully there is an Angel out there that believes this project is still feasible in the long run.  However given the uncertainty right now in the economy you cannot discount that this project may no longer be feasible.
 
Bullboard Posts