StockwatchTom MacNeill's 49 North Resources Inc. (FNR: $0.33) is losing interest in Saskatchewan diamonds. Mr. MacNeill, once a fan of his brother Ken MacNeill's Shore Gold Inc. (SGF: $0.225), sold nearly half its remaining Shore shares in the first quarter of 2014. It held 425,000 shares on March 31, down from 740,000 at the end of 2014. Late in 2011, brother Tom touted Shore as the largest undeveloped diamond resource in the world that will at some point be mined adding that he expected the stock would soar to $5 once it arranged financing for its $2-billion mine, and then "move dramatically" from there. "At some point" is an infinite measure but he imposed a constraint, adding "you cannot be pregnant forever." As a result, 49 North, which already held two million of Shore's then 58-cent shares, wanted to add several million more before the soaring and dramatic moving kicked in. The dramatic move when it came, was downward - Shore bottomed at 11.5 cents late last year - and Shore's promotion now seems barren, not pregnant. When a disillusioned Tom MacNeill last mentioned Shore over a year ago, he said its shareholder base was losing faith in the company's ability to bring the Star-Orion South project in central Saskatchewan forward. The comment may have strained familial ties but it rang true: Shore's project remains at a standstill.