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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a poor 51-92-135. The TSX Venture Exchange fell three points to 709 while polished diamond prices fell 0.4 per cent. Guy Bourassa's Nemaska Lithium Inc. (NMX), $2.44 early this year, took another hit today, dropping five cents to 68 cents on 7.05 million shares. Over the past several months, the company successfully put together the bones of a billion-dollar financing to build its big Whabouchi lithium mine and processing facility in Quebec. Unfortunately, the company's share count has more than doubled to nearly 850 million from less than 380 million at the start of the year.
Gary Thompson's Brixton Metals Corp. (BBB), unchanged at 21.5 cents on 1,000 shares, discovered a kimberlite this summer while drilling its Langis project, northwest of Lake Timiskaming in Northeastern Ontario, for cobalt and nickel. The company put three holes into what might be a big pipe and sent 53.6 kilograms of the rock for diamond recovery. A single 6.45-kilogram sample produced a lone microdiamond, a fragment that sat on the 0.15-millimetre sieve and weighed 0.000056 carat. (When you must count the zeros carefully, it is rarely worth the effort.) Mr. Thompson, chairman and chief executive officer, did not mention the other 47.2 kilograms of sample, typically a sign that the rock was barren.
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