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Star Diamond Corp T.DIAM

Alternate Symbol(s):  SHGDF

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).


TSX:DIAM - Post by User

Bullboard Posts
Post by currency24on Feb 27, 2015 9:27am
403 Views
Post# 23471365

COSTS/EXPENSES? TRADING?

COSTS/EXPENSES? TRADING?The Costs for SGF to bring this prject into full production has been estmated to be around $2 Bil - There is no way SGF is going to be able to raise these funds unless someone is willing to by 10 Billion Shares plus??? 

Now I have seen some projections, based on current costs, that this $2 Bil could be $2.5 Bil. Also the method of mining is in question and the ECONOMICS???

SGF needs to conserve CASH, CASH is valuable and needs to find a deep pocket partner, NO TAKERS, otherwise SGF is DEAD MONEY, except for flipping/trading, for a few cents?

SGF MGMT needs to cut expenses, Ken should step down and George Reed should take over these duties.

Look forward to reviewing the Audtied Financial STatements that will reveal a lot and answe a number of questions.

All the above in my humble opinion and based on public reports and comments and SEDAR.
Bullboard Posts