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 pharesfon Jan 22, 2014 6:24pm

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Post# 22122723

RE:RE:RE:RE:Drilling & the Road

Hey Carse, It doesn't sit right if financing is around the corner yet Swy is going into debt to prove the resource. Why would Matt et al go into high interest debt to prove something they already inferred. The feasibility of the mine is based on indicated deposits, if feasible and if financing done and good to go, why not wait for cash flow from operations to further up the resource? Hell a good chunk of the diamonds in SWY's deposit box would of paid a good chunk of this drill!

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