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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a 61-61-130 saw-off. The TSX Venture Exchange gained one point to 697 while polished diamond prices fell 0.2 per cent. Stan Stricker's Stratabound Minerals Corp. (SB) slid 2.5 cents to one-half cent on 2.71 million shares. Mr. Stricker, who has hunted diamonds and metals over the past 15 years with Stratabound, is throwing in the towel. He says the company will seek buyers for its assets and wind up operations because of the tough market. Peter Cashin's Quest Rare Minerals Ltd. (QRM) jumped 5.5 cents to 24.5 cents on 2.69 million shares. Quest is plodding along with its hunt for rare earth oxides in northeastern Quebec. The company has 278 million tonnes indicated at 0.93 per cent total rare earth oxides and another 214 million inferred at a slightly lower grade. The problem is that huge resources inevitably come with massive capital cost estimates. For Strange Lake, that cost is pegged at over $1.3-billion.

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