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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.


GREY:SWYDF - Post by User

7936567 Canada Inc
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Comment by CravenRaven101on Sep 16, 2011 9:35am
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Post# 19049468

RE: Doubt is rising!!

RE: Doubt is rising!!Decisions to spend Billions of dollars... even hundreds of millions of dollars rarely rely on short term commodity prices... THIS potential mining project is forecast to last 20-25 years... I hardly think that ONE unsuccessful sale would be enough to pull the plug on SWY plans to produce diamonds... I will grant that CT's post does offer some insight why  the lagging price... and that is the mention of the current global economic climate... it isn't just affecting SWY's share price... it is affecting EVERY  company that publicly trades... BUT once again.. with a 25 year life span...SWY would be foolish to delay... I will also discount CT's contention that "inflation" will drive start up costs higher...it will never be cheaper than it is now... delays only add to the cost...

anyway... it would seem that at least one person is short on this board doesn't it???

it's MY opinion git yer own :oP
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities