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Diamond & Specialty Minerals Summary for Jan. 18, 2018

2018-01-18 20:36 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a disappointing 68-106-117. The TSX Venture Exchange fell eight points to 876 while polished diamond prices edged lower. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), 11.5 cents a week ago and 14 cents yesterday, dropped one-half cent to 13.5 cents on 528,000 shares today. There has been no news in over a month from the company's Chidliak diamond project on Baffin Island.

Andre Audet and Michel Fontaine's Albert Mining Inc. (AIIM), up one-half cent to nine cents on 20,000 shares, appears discouraged with its James Bay Kimberlite diamond project in Northern Quebec. The company began life nearly 20 years ago as a Quebec diamond explorer but moved on in the late 2000s after a series of disappointments. For the past two years it has intermittently been touting a return to Quebec gems, based on encouraging results produced by what is now the company's proprietary computer aided resources detection system (CARDS).

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