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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a slow 42-47-161. The TSX Venture Exchange fell one point to 690 while polished diamond prices were flat. Robert Gannicott's Dominion Diamond Corp. (DDC) rebounded 47 cents to $22.70 on 274,000 shares. The stock, $24.60 three weeks ago, had drifted as low as $22.11 yesterday. The company will reveal its first quarter results on June 10 but most of the numbers are already known. It was a so-so quarter for production but a good one for diamond sales. Quest Rare Metals Inc. (QRM) lost one cent to 15.5 cents on 927,000 shares. Quest has been without a president and CEO since Peter Cashin quit in April, although Peter Lortie, executive chairman, is apparently in charge. Quest is trying to advance its Strange Lake rare earth play in northeastern Quebec.

James Bruchs and Mike de Wit's Tsodilo Resources Ltd. (TSD) fell one cent to $1.09 on 11,000 shares. The stock jumped 35 cents last week on 53,000 shares -- heavy trading for it -- after stock guru John Kaiser declared it a "good relative spec value buy" at 75 cents based on the company's plan to demonstrate the feasibility of mining the BK-16 kimberlite in Botswana. It is unclear how Mr. Kaiser rates the speculative value of paying $1.05 per share -- which is what the investors who bought on his recommendation had to pay -- but in his indomitable style of predicting large, he leaves a lot of room for profits. Mr. Kaiser says Tsodilo's 75-per-cent interest in BK-16 could be worth about $10 per share if it proves to be a smaller version Karowe, the mine that propelled Lucara Diamond Corp. (LUC: $2.09) as high as $2.88 last year. (He quickly adds that the stock dilution needed to develop BK-16 cuts his target to $4 to $6 per share.)

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