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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a weak 63-113-134 as the TSX Venture Exchange fell six points to 609. Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX) was unchanged at four cents on 25,000 shares.
Metalex was a diamond explorer when it began life 21 years ago as Mr. Fipke's replacement public company for Dia Met Minerals Ltd., which he lost in a divorce settlement and was sold by his ex-wife to BHP Billiton Inc. a few years later. Lately, even Mr. Fipke, Canada's ballyhooed grandfather of diamond exploration, has been looking elsewhere for geological gain, and so Metalex and one of its old diamond prospects is morphing into a scandium play.
Or at least it is trying to. Metalex's now-you-see-it, now-you-don't drill program at the A5 block, a part of its holdings in the James Bay district of northwestern Quebec, has gone invisible again. This latest delay, unlike an earlier one, is beyond the company's control -- a government-ordered setback that began just as the work was getting under way.
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