Star Diamond Corp T.DIAM

Alternate Symbol(s): SHGDF

Metals & Mining Industrial Metals & Minerals

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).

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Star Diamond Corp

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Comment by jeskon Oct 17, 2004 8:22pm

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Post# 8058645

RE: Bold statements - nopoo

10% buyout. Is this typical with buyouts, that a percentage is determined for the total value of the deposit? Is 10% common? Seems cheap to me....10% that is. SGF walks away with $1.4 Billion after spending 8 years proving that the resource has a total value of 10x that (your figures). The major spends $500-800 developing the mine and a cost of, say, $12/ton to mine thereafter, reaping a profit of $25/ton (according to your figures of .17 ct/ton and $218/ct), giving them a net profit of $10 billion. Is this fair to the junior iyho?

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Advancing flagship Ishkõday Gold Project in Ontario