The Great ExaggeratorGeoff Balderson's Strike Graphite Corp. (SRK), down one-half cent to 11.5 cents on 10,000 shares, is the most recent arrival to Pikoo. The company acquired an option to earn 80 per cent of the 500,000-hectare Sask Craton property and the 37,400-hectare Sask Craton North project, which entirely surrounds the Pikoo discovery. (In other words, it is a fringe play for now at least.) The identity of the vendor is now known: David Hodge's Zimtu Capital Corp. (ZC: $0.68). (Mr. Hodge, known by some on Howe Street as the Great Exaggerator for his flamboyant promotions, prefers to think of himself and Zimtu as providing "mineral property project generation" and advice, helping to "connect companies with mineral properties of interest.") Zimtu was a prolific generator a few years ago when Mr. Hodge connected many promoters with his graphite prospects, but this is its first diamond deal since it acquired three nondescript kimberlite plays near Yellowknife in the early 2000s. Mr. Balderson, who also has a penchant for hyperbole, calls Strike's Sask Craton plays "an exceptional opportunity" to explore for and discover kimberlites in an underexplored area "highly prospective for diamonds." Mr. Balderson has no exploration planned for his big new play as yet, which is likely why not setting a required minimum exploration expenditure was an important condition of the Zimtu deal. That, Mr. Balderson says, gives Strike "significant flexibility to advance these projects." It also means Strike now has significant ability to procrastinate.