7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

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7936567 Canada Inc

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Post by crazytownon Mar 17, 2011 8:45pm

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Post# 18302337

STILL GREAT NEWS!!

It is my understanding the the mineral royalties in Quebec were a part of the last years budget so how is this new news. And you can only pay royalties on diamonds you actually mine. And if Stornoway becomes a mine and has to pay royalties it is my guess current shareholders will be very happy with the share price of a multi billion dollar diamond mine at the end of a road. They don't call Quebec one of the best mining jurisdictions in the world for nothing. So lets not be greedy, there is plenty of profit margin for everyone in my opinion, especially with the road.

Do your own due diligence, in this case it is more than worth it.

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