Arctic Star Exploration Corp V.ADD

Alternate Symbol(s): ASDZF

Metals & Mining Industrial Metals & Minerals

Arctic Star Exploration Corp. is a natural resource company. The Company is a diamond explorer engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project and Timantti Diamond Project. Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north-northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine in the northwestern territories of Canada. Diagras Property consists of 58 contiguous claims with an area of approximately 48,346 hectares. The Timantti Project is located in Finland, approximately 17 km away from the town of Kuusamo. The Timantti project, owned 100% by the Company, consists of two Exploration permits, the 243 Ha Exploration Solavaara Permit and the 882 Hectares Vaimouso permit totaling 1125 Ha. The Project is also comprised of two Diamond Bearing Kimberlites: the Black Wolf and White Wolf Kimberlite.

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Arctic Star Exploration Corp

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Post by FinDiamondon May 10, 2021 12:01pm

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Post# 33165224

High dilution for DIA

While spending 2 mio + on the drill program DIA is diluted to 23%. DIA decided not to participate in the 2021 program. Therefore the dilution takes place. It's part of the JV agreement.
From press release 13/4/21: "Arctic Star will continue as the operator. If Margaret Lake dilutes below 10% in the future, the company’s interest converts to a 1.5% GOR."

DIA should trade at around 25% of ADD. That would be fair at the moment. I guess there will be more dilution for DIA. For me there is no reason to invest in DIA.

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