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by Will Purcell
The diamond and specialty minerals stocks box score on Friday was a positive 104-87-107 as the TSX Venture Exchange rose nine points to 955. While new and recently adjusted data from diamond guru Paul Zimnisky shows that rough prices inched upward to a new high, his global rough diamond index clearly shows prices have plateaued after having managed a brisk and steady increase from the end of spring to midwinter. Rough prices are up over 22 per cent from their COVID-19 low of early spring last year, but they remain nearly 20 per cent lower than a decade ago.
Ranjeet Sundher's Brigadier Gold Ltd. (BRG) lost one-half cent to 14 cents on 435,000 shares. The company has been quietly plodding along at its Ontario diamond project at Killala Lake, 30 kilometres north-northwest of Marathon in Northern Ontario. Brigadier acquired an option on Killala in May as a fallback, after its "early-stage, multimillion-dollar market opportunity" in the late-stage, overloaded cannabis sector went poof. Progress has been slow since then, although last fall the company arranged to fly a drone-based magnetic survey over the Madonna dike, aiming to define and reveal possible extensions along strike.
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