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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a positive 51-47-167. The TSX Venture Exchange fell one point to 982 while polished diamond prices were flat. Matt Manson's Stornoway Diamond Corp. (SWY) gained one cent to 60 cents on 810,000 shares. The stock is near its 52-week low of 56 cents despite a year of good news -- probably because none of that news was a surprise. Stornoway completed its $945-million financing this spring and is drilling to expand its resource estimate for Renard, which is poised to become Quebec's first diamond mine. Benoit Gascon's Mason Graphite Inc. (LLG) fell one cent to 71 cents on 1.38 million shares. There has been no news since late July that would account for the higher than normal volume. Perhaps investors expect Mr. Gascon to tout Mason's Lac Gueret deposit in Quebec as a potential graphite supply for the big battery factory planned by Tesla Motors Inc.

Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) fell three cents to seven cents on 490,000 shares after it found two more diamonds near where it found a first tiny gem in July on its Malatswae project in Botswana. Pangolin recovered the three diamonds during soil sampling across a 300-hectare area on the property. The first stone, recovered two months ago, sat on a 0.6-millimetre sieve. Dr. Daniels offered no measurements for his latest two finds, never an encouraging sign. He says the diamonds "have not undergone any size determinations," adding that analysis would follow an examination of the gems through an electron microscope. (Hopefully Pangolin did not need a microscope to photograph its new gems, pictures that already adorn its website.) Malatswae is just 70 kilometres southeast of the rich Orapa mine but Dr. Daniels, who gets especially enthusiastic when talking geochemistry, assures investors the indicator minerals recovered by Pangolin are "distinctly different" from those at Orapa. Unfortunately, Dr. Daniels is more at ease as a scientist than as a promoter. He now says Pangolin will conduct more geochemistry, and "ground geophysics will then be considered in advance of any drilling."

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