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Diamonds & Specialty Minerals Summary for March 3, 2015

2015-03-03 20:02 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a negative 45-59-148. The TSX Venture Exchange fell two points to 702 while polished diamond prices jumped 2 per cent. Dr. Ray Davies's Talmora Diamond Ltd. (TAI) lost one-half cent to one-half cent on 100,000 shares. Talmora has had no news in nearly two years, which is why it trades roughly once every full moon. The company would like to drill several kimberlite targets north of Great Bear Lake, but has never had the cash to do so. Nikolas Perrault's Colt Resources Inc. (GTP) lost three cents to 13 cents on 4.07 million shares. Colt intends to unload a gold project in Portugal to focus on its Tabuaco tungsten project, also in Portugal. Tabuaco has about 2.7 million tonnes of rock averaging 0.57 per cent tungsten trioxide. A 2013 dream sheet gave the project a modest discounted net present value for an $87-million (U.S.) mine plan.

Christopher Taylor's Dunnedin Ventures Inc. (DVI), up three cents to 18 cents on 6,000 shares, has staked over 20,000 hectares of new ground near its Kahuna property, north of Rankin Inlet in southern Nunavut. The new claims cover eight additional confirmed kimberlite occurrences. (Unfortunately, they appear to be the nearly barren pipes that Shear Diamonds Ltd. discovered in the early 2000s.) As well, the new claims host the potential source regions for several diamond indicator mineral trains. These are the same trains deemed a high priority by Shear and its various co-venturers through the early and mid-2000s. Most of them remain unexplained despite Shear's best efforts and considerable expenditures. (Those departed partners include BHP Billiton Ltd., Rio Tinto PLC and Stornoway Diamond Corp. (SWY: $0.71). Technically the list also includes Shear, which abandoned Kahuna and the surrounding claims 2013.)

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Total misinformation by Will about CKR. First off, the news clearly states it is boosting the NFT portion of the financing. Secondly, Will claims "Mr. England deftly avoided" mentioning a reduced price??? Maybe because it was not reduced which one might figure out if they read the news which, clearly, Will did not take the time to do. Unbelievable.

Posted by Mike at 2015-03-04 19:33

Yes, I apologize. I missed the "non" in your latest press release. I have corrected the mistake. Thanks for pointing it out.

Will

Posted by Will Purcell at 2015-03-05 22:24


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