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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 explmanon Nov 10, 2015 1:43pm
373 Views
Post# 24277913

I Offer My Condolances

I Offer My CondolancesTo all the SGF shareholders out there who believe that the latest smoke and mirrors means that this project will see the light of day. Restating a resource with NO additional information, such has been done at Star, is "abnormal" to say the least. Rather like shopping around until you find a consultant who will tell you what you want to hear. I would also draw your attention to the "economic cut-off" used for the Whittle pit design. I would like to see these costs benchmarked against other producers, because I am very skeptical that you can move a tonne a ore for $1.75/tonne let alone process it for $3.00/tonne. What has happened here is the crack team at SGF have just bought themselves another 2 years of employment as they produce another feasibility study which will require flat costs, rising diamond price and the SGF grade "normalization factor" just to get to a paltry sub 15% IRR. Oh, and the Easter Bunny is not real either.
Bullboard Posts