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Diamond & Specialty Minerals Summary for March 20, 2020

2020-03-20 16:46 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a spirit-killing 70-87-145. While the markets slid lower yet again, the TSX Venture Exchange held onto a two-point gain, closing at 356. Diamond miners continued to trade at record lows. Mountain Province Diamonds Inc. (MPVD) lost another five cents to 34 cents on 481,000 shares, its 34-cent intraday low being a new record. Lucara Diamond Corp. (LUC) dropped 3.5 cents to 40.5 cents on 467,000 shares, a 12-year low.

Plans for a phase 2 bulk sample of the BK-16 kimberlite in Botswana by James Bruchs's Tsodilo Resources Ltd. (TSD: $0.06) appear to be on hold for now, but the company is still optimistic that a larger test will yield encouraging results. Tsodilo acquired the project several years ago and after much delay, not to mention considerable dithering about the results, it conceded late in 2018 that a 2,050-tonne bulk sample of kimberlite acquired by large diameter drilling had yielded 77.94 carats, or just 3.8 carats per hundred tonnes, and those diamonds were appraised at $177 (U.S.) per carat.

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Does Will Purcell have a twitter account or Facebook?

Posted by Don at 2020-03-23 13:12

Does Will Purcell have a twitter account or Facebook?

Posted by Don at 2020-03-23 13:12

Probably not, but I'm betting that he has an e-mail address or a phone, should one be looking to reach him.

Are you?


Posted by Will Purcell at 2020-03-30 21:46