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Diamond & Specialty Minerals Summary for March 11, 2019

2019-03-11 20:04 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was an upbeat 90-73-139 as the TSX Venture Exchange gained one point to 619 and polished diamond prices edged upward. Trent Mell's First Cobalt Corp. (FCC) rose one cent to 19 cents on 5.63 million shares. The stock is well off its high of $1.66, set late in 2017, but it has bounced off its January low of 14.5 cents -- and still appears to be purring. Its Iron Creek project in Idaho is producing encouraging cobalt and copper assays.

Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR) closed up one-half cent to 9.5 cents on 11,000 shares. The company has been silent since January and has barely $1-million in working capital, but North Arrow's recent presentation at the Prospectors and Developers Association of Canada show in Toronto suggests that it is doubling down on an expensive bulk sampling plan for the Q1-4 kimberlite on its Naujaat diamond project in central Nunavut.

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