This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a pleasing 55-38-145. The TSX Venture Exchange gained five points to 552 while polished diamond prices edged upward. Brendan Bell and Robert Gannicott's Dominion Diamond Corp. (DDC) gained 24 cents to $14.61 on 460,000 shares. The company has been quiet of late, belying the big oscillations in its stock chart, but it is expected to reveal its third quarter production data next week. Glenn Kelly's Orbite Technologies Inc. (ORT) gained one cent to 32 cents on 1.66 million shares. The company has been touting its patent applications lately but investors are hoping it can get its high-purity alumina plant on Gaspe peninsula running by the end of the year.

Chris Taylor's Dunnedin Ventures Inc. (DVI), unchanged at five cents on 45,000 shares, says the processing of the first of four batches of kimberlite from its Kahuna diamond project in Nunavut is one-half complete. The 820 kilograms of rock in the first batch was collected from the surface of the PST dike, where tests in the mid-2000s by Pamela Strand's now defunct Shear Minerals Ltd. produced 7.24 carats from 3.55 tonnes of kimberlite, an average of 2.04 carats per tonne. (Subsequent reports have increased that grade to 2.18 carats per tonne.) The diamond size distribution curve appeared encouragingly coarse, but the dimensions of PST were unimpressive. The vertical dike averaged just 0.75 metre in width and drilling traced the feature for barely 150 metres. Nevertheless, Mr. Taylor, chief executive officer, touts PST as being of interest for "additional resource definition" based on its potentially high grade. He says the results of the sample will be available by mid-November.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS