This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a mediocre 78-96-126 as the TSX Venture Exchange slid 16 points to 907 while polished diamond prices were flat today. Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), a slow trader but arguably the busiest Canadian diamond explorer left standing in a sector battered by pessimism on one hand yet experiencing 10-year highs for rough diamonds on the other, lost one-half cent to 10.5 cents on 177,000 shares.
North Arrow will be a big source of news over the next few months. Processing of the company's 2,000-tonne bulk sample of the Q1-4 kimberlite, just north of Naujaat in central Nunavut, is under way and Mr. Armstrong, president and chief executive officer, says that initial results are perhaps a few weeks away. Those results could go a long way toward advancing the project to its ultimate test -- a 10,000-tonne bulk sample -- but investors expecting healthy grades in the current program will be disappointed as that is not the purpose of the program, says Mr. Armstrong.
The remainder is available to Stockwatch subscribers.
© 2022 Canjex Publishing Ltd. All rights reserved.