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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a poor 48-72-139. The TSX Venture Exchange fell nine points to 653 while polished diamond prices edged lower. Robert Gannicott's Dominion Diamond Corp. (DDC), gained 63 cents to $14.51 on 494,000 shares. There was no news to account for today's rise; nor was there to account for the previous seven days of declines that carried the stock downward from $15.98.
Ken MacNeill and George Read's perpetual promotion, Shore Gold Inc. (SGF), gained one cent to 20 cents on 442,000 shares. The company, which hopes to build a mammoth diamond mine from its Star-Orion South kimberlites in central Saskatchewan some day, has been waiting for environmental approvals from the Saskatchewan government for years. For just as long, it has also been seeking financial support to build the mine, which carried a $2-billion capital cost in the most recent feasibility study. Lately, Shore has been touting plans to start its mine at Orion South, not Star, because it thinks its initial capital costs would be significantly lower.
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