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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a poor 49-87-119. The TSX Venture Exchange fell nine points to 792 while polished diamond prices fell 0.1 per cent. Chuck Fipke's Metalex Ventures Ltd. (MTX) closed unchanged at five cents on just 3,000 shares. Metalex has been a black hole for news since its planned 10,000-tonne bulk sample of U2 in the Attawapiskat district of Ontario got bogged down in Ontario government bureaucracy five years ago. The company broke free of the red tape a few years ago, but by then it had lost its financial backing.

Dermot Desmond and Patrick Evans's Mountain Province Diamonds Inc. (MPVD) closed unchanged at $4.86 on 438,000 shares. The company revealed late Tuesday that it had completed a second sale of diamonds from its new Gahcho Kue mine, 250 kilometres northeast of Yellowknife in the Northwest Territories. The company eagerly revealed that it had "received bids on all parcels offered, including unsold parcels carried over from the January sale, and sold all the parcels offered." (Mountain Province said it sold 277,646 carats in its latest sale, which began late in February. In January, Mountain Province managed to sell just under 50,000 carats, but roughly 16,000 carats of predominantly brown and lower quality diamonds went unsold.)

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