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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
Post by Budamanon Dec 19, 2012 11:27am
336 Views
Post# 20750693

Missing Piece

Missing Piece

There are definitely some amazing posts on this company, and it does appear that most people have done a great deal of DD.

I have been following this company for a long time, and I intend on jumping in with both feet early in the new year when this stock retests its low for the year - around .17/share.

What are your thoughts on the government of Sask. taking a more active role and financing the mine themselves, as the Quebec Government did with SWY?  With all of the natural resources in that province, it would make sense that this diamond mine would be a cornerstone of future infrastructure development for the oilsands, natural gas and potash.

I have no doubt that this company will jump in value, but when is the gamble.  If we use SWY as an example, their share price tends to hover between .50 and .70 per share, and they are much further ahead than Shore Gold.  If we extrapolate the curve, and apply it to Shore, a more realistic value on the share price should be .30 to .40 per share for the immediate future.  That being said, once everything starts rolling, this share price should jump quicly to several dollars a share, but that could realistically be several years from now.

Thoughts?

Bullboard Posts