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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Bullboard Posts
Comment by nankoion Oct 14, 2013 4:43pm
99 Views
Post# 21815129

RE:RE:Bodes well for the years to come?

RE:RE:Bodes well for the years to come?Diamonds are a terrible store of value. The complete lack of transparency and wild price swings between different kinds of diamonds make it all but impossible to reliably retrieve any value from them. You can buy any size of diamonds and may have to write off 50% of their value a few years later, just because the color or the cut happens to be out of fashion. And the worst part... buy a diamond, try to sell it back to the same guy 10 seconds later and see what happens.

You should never, ever buy diamonds and think of them as investments, unless you're professionally involved with them. Selected diamond stocks like Olivut can be rewarding (if hugely speculative) investments, because good projects that are publicly funded are rare. 

In that sense, the diamond world may be the opposite of the gold world, where you're much better off buying the stuff itself instead of the miners.
Bullboard Posts