Post by
bohner on Mar 27, 2011 12:23pm
Well Positioned
If you like diamonds going forward, you have to like this play. Believe it or not Debeers at one point was interested in this property. It was a time that diamonds was starting to decline in interest. Just like everything else, when inventories and projects start to dwindle interest starts to increase. There must have been some pretty good reasons why they would even consider it. Obviously two other diamond mines were discovered in Canada's northwest. With new and more efficient ways to do geophysics on properties and an ever increasing demand, I think that you will see companies begin to explore in regions that might have not considered before. I still think that if Diadem discovers what they think is in this area, you will see this company take off and never look back. You must remember that this stock has already been consolidated and was trading at a much higher price. With the recent news and I am sure further news coming down the pipe we will see this company start trading at a much higher valuation.