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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a so-so 75-91-144 as the TSX Venture Exchange fell four points to 574. Ewan Mason and George Read's Star Diamond Corp. (DIAM) labours onward with its Fort a la Corne diamond project in central Saskatchewan, ploughing on amid the heavy seas of declining diamond prices. Star, which bobbed back one-half cent to 6.5 cents on 326,000 shares today, continues to trade at a shoestring price despite rolling out a significant increase in its carat count at Star and Orion South, the top two kimberlites on the project.

Mr. Mason, chairman and chief executive officer, says that with the resource update now in hand, "we are ready to go" -- subject, of course, to completion of a feasibility study. A prefeasibility study will come first, likely within a year, to be followed by the full feasibility study by the end of 2026 -- or perhaps earlier, depending on whom you ask and when you pose the question. One of the hangups is cash, as Mr. Mason says that Star Diamond will need $10-million to $15-million over the next two years to complete the study and he and his crew do not want to raise cash through equity sales, given the company's lowly stock price.

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