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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
Comment by teeveeon Jul 10, 2017 1:15am
205 Views
Post# 26449710

RE:RIO

RE:RIORio needs to either a near term development, buy a producer with long life, or exit the diamond space as their mines all only have 6-8 years left. Rio will be trying to find a way to make Falc work asap, and if not, walk. They will be looking at a number of different options ranging from open pit to  tightening up grade on speciifc horizons and looking into selective long wall retreat style underground mining. If Rio can make it work, I wonder if they will just dilute SGF if they can't come up with their share of development money? As it stands, using Rio's total earn in for 60%, and 40% of that divided by SGF's fully diluted share capital, I come up with a current fully priced in value of $.10/share for SGF. 

sibertrader wrote: RIO is really excited about FalC.   I'm guessing what is driving this is the sheer size of FalC, you can buy a house in PA really cheap and Saskatchewan is mining friendly.   


Bullboard Posts