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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a poor 35-75-155. The TSX Venture Exchange fell six points to 981 while polished diamond prices crept upward. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) fell one-half cent to 6.5 cents on 371,000 shares. The company is being quiet about its Magi project in Botswana, touted as possibly the world's largest kimberlite. The uncertainty may have more to do with the nature of the rock than the size of the target, but the real worry is whether it contains commercial quantities of diamonds. Lately, Pangolin has been talking up its recovery of a few macrodiamonds from soil samples collected elsewhere in Botswana. Paul Ogilvie's Saint Jean Carbon Inc. (SJL) jumped one cent to three cents on 6.14 million shares. The stock traded actively today despite a dearth of news. Saint Jean took a year to acquire Walker, a graphite play in southwestern Quebec based on the old Walker mine, which produced a small amount of lump and flake graphite over 100 years ago. At the current pace, exploration and redevelopment could take nearly as long.

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