RE:Projet Adamantin If, like Arnold, you are poorly confortable with SWY (vs Adamantin), sell some of your shares to cover your purchase cost and the rest will be your profit.
Renard has already proved its ability to deliver diamonds for 14 to 20 years. D'ont imagine that CDPQ and Orion have given US $ 250 million (and which, in addition to IQ and Blackstone, possess more than 40% of shares) and than they don't have seen on the ground and validate the coring. Do not forget that at the beginning Renard belonged to a subsidiary of Resources Quebec ...
What is not known is whether the quality of the stones will really go or if we find big diamonds for extra profits which are not included in budgets.
What we don't know also is whether the mine will be profitable after 14-15 years ... It could go from 30 to 50 years if inferred reserves and potential reserves are confirmed (partially or almost completely) and if these resources are of expected quality especially for the kimberlites Renard-2, 4, 9 and 65.