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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a positive 45-42-151. The TSX Venture Exchange fell three points to 520 while polished diamond prices inched lower. Chris Taylor's Dunnedin Ventures Inc. (DVI) lost one-half cent to 6.5 cents on 678,000 shares. Dunnedin has resurrected the old Shear Diamonds Ltd. (SRM.H: $0.045) diamond play northeast of Rankin Inlet. Dunnedin is processing small batches of rock from Shear's old kimberlite dikes. It wants to do larger tests but it will need a lot of cash. Conrad Clemiss's TAD Mineral Exploration Inc. (TJ) closed unchanged at one-half cent on 2.32 million shares. The uranium and graphite explorer will roll its stock back 1:10 and change its name to Everest Ventures Inc.
Lukas Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) jumped 15 cents to $2.35 on 1.76 million shares. The company will reveal its 2016 revenue forecast on Wednesday and there is heightened interest in the company's projections thanks to its recovery of two spectacularly large diamonds this month at its Karowe mine in Botswana. A year ago Lucara said it expected to sell between 400,000 and 420,000 carats in 2015, realizing between $230-million (U.S.) and $240-million (U.S.) in revenue, but by early November the company had pared back its prediction to between 350,000 and 400,000 carats fetching between $200-million (U.S.) and $220-million (U.S.).
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