GREY:PGDIF - Post by User
Post by
Kidlapikon Jan 02, 2014 4:24pm
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Post# 22054005
Other Diamond Companys
Other Diamond CompanysSomebody asked earlier about other diamond investment opportunities.
Dominion Diamonc Corp. (DDC) - Owns 80% Ekati, 40% Diavik. Currently the largest Canadian Diamond Mine by market value. Good valuation chain, good earner, lowest risk. Is trending very well lately and makes me wish I had put a few bucks into it in October when I noticed how under-valued it seemed. The more I look at it the more I believe it will make a play at PGD though they have stated they wish to expand Ekati so that may take priority. Market Cap at $1.3billion.
Mountain Province (MPV) - 49% partner in the Gacho Kue project. 49million carat estimated resource over 4 pipes averaged at 1.5cpt, valuations averaged at $185 (one pipe high as $312) partnered with De Beers currently building the mine though MPV has not released its financing plans for its half of the cost. Lower risk than other Canadian diamond projects, higher risk than Dominion at current prices. Market Cap at $530million
Stornoway Diamond Corp. (SWY) - Renard project at mine financing stage, currently trying to raise funds to build the mine. Quebec government helped fund the road to the mine site which was completed late 2013. See company feasability study for further information. Four kimberlites valued so far ranging from $100-250 per carat, with an inferred resource of 17.5mil carats with exploration upside between 23-48million carats. Market Cap at $121million. As the Quebec government seems keen on helping this project along there could be good upside potential with this one and it will most likely get built and be the next operating diamond mine after Gacho Kue.
Those are the only other diamond companys I follow at present. If anybody has any corrections or companys they want to add to the list PLEASE do. I am loving the informative discussion this board has produced over the last year.