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by Will Purcell
The diamond and specialty minerals stocks box score on Tuesday was a weak 62-99-139 as the TSX Venture Exchange fell three points to 662 and polished diamond prices were flat. Alpha Lithium Corp. (ALLI) rebounded 10 cents to 94 cents on 3.53 million shares today after slumping 38 cents to 84 cents on 3.91 million shares yesterday. Alpha had been bumbling along below 50 cents until early June, when it took off on increased volume, getting as high as $1.49 late last week. There has been no news since the company last mentioned its Tolillar lithium brine project in Argentina -- coincidentally, perhaps -- in early June.
Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) gained one-half cent to 60.5 cents on 315,000 shares. Lucara continues mining diamonds at its Karowe mine in Botswana, and while the slumping diamond sector and the (hopefully) temporary ravages of the COVID-19 pandemic have wiped out the big profits that the company has racked up since 2013, Lucara's crew are optimistic that the mine will again be a cash cow for the next two decades. Much of that optimism rests on the prolific South lobe, which Lucara will continue mining underground, continuing to yield the huge diamonds that have so effectively padded the company's bottom line.
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