7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals

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

7936567 Canada Inc

Bullboard Posts

Comment by revvyy1on Nov 24, 2016 7:29am

318 Views

Post# 25507016

RE:Nothing wRong

I'm not an expert but I do work diamond processing for almost 11 years now and having some of the parcel held back means nothing to me.

My guess would be that as the mine ramped up production they didn't have all the desired quantity of size fractions available for the very first auction, you know running test material to get a grip on grade and yield for future kimberlite blending purposes

I would also guess as they keep production going on a daily basis these said size fractions will be hoarded and pooled together so that the next parcel or possibly the one after that will be more representative of what will be coming to market on a regular go forward basis

I would say the first auction was just fine and actually exceeded some expectations is my guess, but I don't matter the market does, so good luck all

Bullboard Posts

Meeting the projected lithium and copper supply imbalance