Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

7936567 Canada Inc SWYDF

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

Bullboard Posts
Comment by Francoicon Aug 24, 2016 8:58pm
237 Views
Post# 25174351

RE:RE:RE:RE:RE:next report? because it dropping so low..

RE:RE:RE:RE:RE:next report? because it dropping so low..
I hope that we will have news by mid-September ...
Following the revision of the draft on 16 March:
   - The revised costs should be $ 775 million
   - The beginning of the operating tests was in September
   - Commercial production in December
   - 1.8 million carats per year (or about 150 thousand carats per month)
   - Net income of $ 120 per carat
According to the costs at the end of Q2, it was $ 682 million for this project, with investments of $ 22 million per month for Q2.
So if we consider that the early operating tests is in advance of 2 months (July vs September) there could be a savings of almost $ 40 million ($ 22 million x 2) and unanticipated income for 2016 will be approximately $ 35 million (2 months x 150 carat K x $ 120), which would total an additional unanticipated of about $ 75 million for 2016.
It is also possible that the Adamantin project brings more good news, enough to regret those who recently sold between $ 1.06 and $ 1.15 ...
But that could promote the title if it is mainly, as anticipated by RBC analyst, SWY confirmed a sale of about 200 thousand carats of diamonds in November ...

J'espre que nous aurons des nouvelles d'ici la mi-septembre ...
Suivant la revision du projet en date du 16 mars dernier :
    - les couts revises devraient etre de 775 M $
    - le debut des tests d'exploitation en septembre
    - la production commerciale en dcembre
    - 1,8 M de carats par an (ou environ 150 K carats par mois)
    - Revenu net de 120 $ par carat
Selon les cots engendres a la fin de Q2, on etait a 682 M $ pour ce projet, avec des investissements de 22 M $ par mois pour Q2.
Alors, si on considere que le debut des tests d'exploitation est devance de 2 mois (juillet vs septembre), il pourrait y avoir une economie de pres de 40 M $ (2 x 22 M $) et des revenus non anticipes pour 2016 d'environ 35 M $ (2 mois x 150 K carats x 120 $), ce qui totaliserait un surplus supplementaire non anticipe d'environ 75 M $ pour 2016.
Il est aussi possible que le projet Adamantin apporte d'autres bonnes nouvelles, de quoi faire regretter ceux qui ont vendu recemment entre 1,06 $ et 1,15 $ ...
Mais ce qui pourrait promouvoir le titre c'est principalement si, tel qu'anticip par un analyste de RBC, SWY confirmait une vente d'environ 200 K carats de diamants en novembre prochain ...
 
 
 
Bullboard Posts