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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

Comment by scatterheadon Apr 12, 2024 2:48pm
279 Views
Post# 35986373

RE:Predictions please.

RE:Predictions please.Frank:
anything is possible - the management of a resource is ultimately what may give it a value. In the case of DIAM, it has been, unfortunately mis-managed 60:40 ratio. I have met Ewan on 3 occasions and on two of them had a good 1:1 conversation. My interpretation from my talks with him (2016, 2017) is that the preferred outcome is a sale. Since these times that we had a 'chat' a lot has changed in % ownership, who has % shares, world situation, goofiness with governments in general & disparity between ppl with $$$ and those struggling with $$. The possible kimberlight C02 sesquestration may have the G of Sask a bit more on the cheerleading side which explains the promotional bit when Premier Moe was in the UAE, recently. I have chirped for many years that this is a large project that will be a 'consortium' to mine (assuming one transpires) - I believe it will be mined, however, also believe DIAM will either not be involved or will retain a small % smelter fee. Current shareholders may be left with a 40 to 60 cent (CDN) payout which for many will be a loss and others a slim profit for 15 to 20 years of participation. There could very well be a series of "game-changers" coming up in the next few years - an astute investor will have to sell into news to get some return - waiting for the shoe to drop may be so many more years some investors may no longer be walking the surface of the earth - many have already been discarded by the DIAM mining targets. Hank,You can't take this "to-the-bank" but it is an opinion based on 24 years of Shore Gold, Kensington, DeBeers, RIO, and now Star - FYI - sold half around $5.50 and bought enough sub 15 cents to be ~18 cent break even on mid-six digit holdings.......now, if I can only out-live the mining decision !!
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