Arctic Star Exploration Corp V.ADD

RE:RE:Price target

[Goldy63]

Agilant wrote: I think you have to think in terms of market capitalization at each stage of discovery. Were ADD is now (kimberlite discovery) the market cap is currently about 22 million. I think there is a lot of speculation built into the price right now(which is not unusual when there is an active drill on the ground) This current valuation is without knowing if the kimberlite grade is any good, and you won't know that until you get the lab results back to see how many diamonds (if any) are in the core of each particular kimberlite. If the diamond grade comes back good (ie: there are good sized diamonds in the core and enough of them...good size meaning stones larger than .85mm diameter and enough being the weight of stones(carats) in the sample to give you a grade of something larger than 1 carat/tonne). If the lab results come back with good diamond counts, then I think you could see the market capitalization of ADD shoot up to 50-100 million. (approx $0.50 to $1.00 share price). If the lab results are unimpressive and the drill program is over, then don't be surprised to see ADD's market cap drop to something like 5 million or less. If they do happen to have some good lab results with decent diamond counts, then the next step would be to do additional drilling and also a bulk sample on the kimberlites to get higher confidence in the grade of each kimberlite. Again you are looking for high diamond counts with a grade higher than 1 carat/tonne. If ADD truly has found any economic diamondiferous kimberlites that can be confirmed through a bulk sample, then the market cap could go up anywhere to 200-600 million. Approximately $2-$6 /share. At this point they likely would have attracted the attention of one of the major mining outfits and would look to sell the mining claims to them. This is just my opinion and based on my limited knowledge of mining and finance and following some of these small diamond plays for a while. Good luck to all. Hopefully the lab results come back impressive.

Very well said Agilant . Only thing I would like to correct is selling claims to a big fish would entitle both ADD and DIA . An NR with the new % would certainly clarify whats up with ADD and DIA % wise  but yup Diamonds and lots of them is the magic word for both these companies . From NR. 

Arctic Star Exploration Corp. Stakes 8 New Claims at Diagras Property

V.ADD | October 11, 2018

 

Vancouver, British Columbia--(Newsfile Corp. - October 11, 2018) - Arctic Star Exploration Corp. (TSXV: ADD) ("Company") is pleased to report that it has staked 8 new mineral claims adjoining the pre-existing Diagras property in the Northwest Territories, a contributing Joint Venture between Arctic Star Exploration (40%) and Margaret Lake (60%). The new claims cover 3,896 hectares increasing the Diagras property to a total of 22,595 hectares, within 29 mineral claims.

The new claims cover 8 previously discovered kimberlites, bringing the property total to 20 known kimberlites.

Diagras is located in the prolific Lac de Gras diamond field just 35 kilometers from the world-class Diavik diamond mine. The Property lies directly on trend with the Diavik deposits currently being mined by a joint venture between Rio Tinto and Dominion Diamond Diavik.

The company exploration strategy has been to conduct ground gravity, Magnetic and EM surveys over and around the known kimberlites in search of previously undiscovered kimberlite or non-magnetic kimberlite phases