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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a positive 88-66-156 as the TSX Venture Exchange rose one point to 630. Ewan Mason's Star Diamond Corp. (DIAM) continues to tread water, although lately it has been doing so with its nostrils riding above the waves. Star, which fell to a lowly one cent late last year then got as high as nine cents in late March, closed up one-half cent to 5.5 cents on 163,000 shares today.

The company is still seeking the $3-million or so it needs to complete a prefeasibility study for a mine based on the mammoth Orion South and Star kimberlites, the two key parts of its Fort a la Corne project in central Saskatchewan. Mr. Mason, the company's chairman and chief executive officer, has been beavering away, trying to come up with the cash from one of several groups he has been talking with over the past year or two. Unfortunately, it seems he has been gnawing away at a forest of knotty oaks.

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