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7936567 Canada Inc SWYDF

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

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Comment by pharesfon Nov 06, 2013 6:26pm
175 Views
Post# 21882932

RE:Matt was there

RE:Matt was thereI haven't heard this before, I'm thinking I either translated it wrong or they published the story incorrectly.

"Les Diamants Stornoway prévoit 320 à 400 M$ de revenu brut annuel sur un plan d’affaire de 20 ans. Le prix du diamant est actuellement à 200$ le carat», prévoit le chef des opérations de la division québécoise de Stornoway."

Did they really mean 400 million gross income? I've only seen this said anywhere as revenue and over 11 years with $400m at the peak. Even with potential resources, $400million gross profit over 20 years is close to 16B worth of diamonds in the ground. 
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