Bullboard - Stock Discussion Forum 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... see more

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Arctic Star Exploration Corp > Someone posted this on CEO.CA

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Post by Bigoil2113 on Dec 09, 2021 5:59pm

Someone posted this on CEO.CA

https://www.riotinto.com/news/releases/2021/Rio-Tinto-becomes-sole-owner-of-Diavik-Diamond-Mine

you have to ask yourself, why would Rio Tinto buy out the 40% that dominion owned when there is only 4 more years of operation at Diavik.

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Comment by Bigoil2113 on Dec 10, 2021 3:10pm

You don't want to be on the sidelines over the weekend. Big updates coming up on zimtu

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Comment by RHertig on Dec 11, 2021 6:22pm

Pretty simple answer Diavik went bankrupt.

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Comment by CLOUDER on Dec 12, 2021 1:24pm

yah i was thinking the same thing i bet RIO got it for a song, maybe a dance to but that might have been to expensive. lol.

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Comment by Bigoil2113 on Dec 12, 2021 2:35pm

It's very possible that they got a killer deal. But Rio will be on the hook for decommissioning the mine (100%) after all said and done If they don't do anything with it. We talking hundred plus million in decommissioning costs. Rio Tinto would be better off buying the sequoia pipe for hundreds of millions and get some returns on it.

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Arctic Star Exploration Corp