Diamond & Specialty Minerals Summary for April 15, 2016
2016-04-15 21:03 ET - Market Summary
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a merry 76-39-131. The TSX Venture Exchange gained one point to 580 while polished diamond prices gained 0.2 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) got to its highest point since last May, gaining three cents to 25 cents on 534,000 shares. Shore has had no news since it wrapped up core drilling at Star West late last month. It is now drilling Orion South.
Patrick Power's Arctic Star Exploration Corp. (ADD), up one-half cent to six cents on 782,000 shares, has found some intriguing indicator mineral trains on its T-Rex diamond property, northeast of the Diavik and Ekati mines in the Northwest Territories. The perennially broke company apparently did not find the garnets and other grains through till sampling of its own last year; it found them by perusing "available public domain data" obtained and filed by the previous explorers on and around what is now T-Rex. Mr. Power, president and chief executive officer, and Buddy Doyle, vice-president of exploration, say that the mineral trains cannot be explained by the currently known kimberlite discoveries. As a result, they say, "careful ground follow-up prospecting, mapping, sampling and geophysics" are required to discover new kimberlites that can explain the presence of these as yet headless indicator mineral dispersion trains.
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2026 Canjex Publishing Ltd. All rights reserved.
Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated,
although libelous remarks, obscene language and impersonations may be deleted.
Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the
University of Ottawa's FAQ regarding Defamation and SLAPPs.
Article correction: The Company has not stated "assumed pricing" nor any context of the "common refrain" comment by Will Purcell. This disclosure is incorrect, cannot be relied upon and the Company is warning investors to seek investment advice from a qualified investment advisor. Vanadium electrolyte and high purity vanadium pricing will be utilized for The Company's preliminary economic assessment and metallurgy and process are of paramount importance for "hard rock" resources such as vanidiferous magnetite. Very few vanadium projects are capable of delivering high purity, low impurity vanadium at a low cost. Process optimization and development can also result in significant cost reduction in the context of raw materials for battery materials.
Posted by Vanadiumcorp at 2016-04-18 01:59
What Vanadiumcorp said, in their latest press release, is this (in fact, it appears in quotes): "Market pricing for our preliminary economic study (PEA) will be primarily based on specialty vanadium products that reflect a significant premium to the metallurgical-grade V2O5 [vanadium oxide] flake market."
Now, tell me how that is not equivalent to what I wrote: "[Vanadiumcorp] says the study's assumed pricing will be primarily based on specialty vanadium products, which can command a significant premium to the metallurgical-grade vanadium oxide market."
Further, anyone following the specialty commodities market these days knows this to be a reasonable comment: "That is a common refrain offered these days by promoters of projects spanning a variety of commodities, notably graphite, lithium and vanadium, mainly because their grades and economic prospects are otherwise unspectacular."
Cheers,
Will
Posted by Will Purcell at 2016-04-18 16:03
Comments for this item are closed