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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 Select_Investoron Jan 28, 2013 7:56pm
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Post# 20902643

RE: R65 Upside Remains

RE: R65 Upside Remains

NI 43-101 in 45 days = March 15, 2013

As stated in Jan. 28, 2013 Storneway press release:

«Stornoway will file a NI 43-101 compliant technical report on the Optimization Study, representing an amended Feasibility Study, within 45 days.» (see end of section «Qualified Persons» of press release)

Good news:

  • a reduction of C$50 million in initial capital cost from the previous estimate is a very good news
  • Availability of NI 43-101 prior to March 15, 2013 is a very good news just before Mines and Money Hong Kong:18 au 22 mars at Hong Kong Conventionand Exhibition Centre where mining companies from around the world come to raise capital in Asia and meet with investors from Hong Kong and mainland China.

Let's go Storneway!!!!

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