RE: New Corporate presentationSlide #10 shows the Provincial permit may arrive sooner than first revealed. Initially it was to be 12-months after filing the Environmental Impact Statement (EIS) (to be filed before Christmas this year), it is now scheduled to arrive 6 - 12 months after filing. Once the environmental permits are received, the other mining/access permits flow quickly, allowing construction to begin. The Federal permits will follow a few months later, but work can begin without these being completed.
Slide #19 reveals that Shore's diamonds are now comparable to the Letseng mine diamonds - having a high concentration of type IIA diamonds in the deposit (note, the Shore diamonds have undergone further testing and evaluation to make this statement). The Letseng mine's average value per carat found is $1,534. Shore's initial prefeasibility study revealed the mine was economical with the average value per carat found in Fort a la Corne at that time of $192/c, which was recently upgraded to $231/c. The Letseng comparison implies that the current valuation should increase significantly in the final feasibility study due Q1 2011. Any movement in the final feasibility study towards the Letseng valuation will only add to the probability of the mine being built (see slide 18).
Slide #21 reveals the size of the proven deposit vs. others - slide 6 implies that this "proven" size will soon grow in multiples to dwarf other mines.
RDG