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Diamond & Specialty Minerals Summary for Feb. 15, 2017

2017-02-15 21:21 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a weak 65-79-114. The TSX Venture Exchange gained two points to 838 while polished diamond prices were steady. Ken MacNeill and George Read's Shore Gold Inc. (SGF) lost 1.5 cents to 17.5 cents on 254,000 shares. The company's stock remains stuck below 20 cents as its silence continues. A promised feasibility update is now well overdue.

Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX), up one-half cent to 5.5 cents on 76,000 shares, is no closer to completing its much delayed 10,000-tonne bulk sample of the U2 kimberlite in the Attawapiskat region of Northern Ontario. In fact, the project arguably faces an even greater challenge, given a recent decision by De Beers Canada to shelve its Tango Extension project that could keep its Victor mine running. De Beers expects Victor, which has been operating for the past decade, will have been mined out by the end of 2018.

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