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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a positive 53-49-164. The TSX Venture Exchange gained six points to 784 while polished diamond prices inched upward. Robert Gannicott's Dominion Diamond Corp. (DDC) traded actively again today, slipping 14 cents to $16.87 on 399,000 shares. Investors are intrigued with Mr. Gannicott's plan to mine Jay, a 45-million-tonne, two-carat-per-tonne pipe that could keep Ekati running into the 2030s. Robin Goad's Fortune Minerals Ltd. (FT) fell one cent to 17 cents on 5.43 million shares. The company is issuing stock to complete its acquisition of the Revenue silver mine in Colorado. It is also working its NICO cobalt-bismuth-gold-copper project in the Northwest Territories. "Mining is a cyclical business," says Mr. Goad, something a promoter rarely says near the top of a cycle.

Matt Manson's Stornoway Diamond Corp. (SWY), up one cent to 54 cents on 452,000 shares, has wrapped up its deep drilling at Renard-2, the main pipe at its big project in the Otish Mountains region of Northern Quebec. (Construction is on schedule for a 2017 start-up.) The 12,000-metre program probed Renard-2 to over 1,000 feet to upgrade a large amount of deep rock to a resource. The company is now processing over 50 tonnes of kimberlite for diamonds and should have results early next year, but the material news will be an updated resource estimate that Mr. Manson, president and CEO, says should be available late next spring.

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