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Stock Talk with Matt Manson from Stornoway Diamond Corp….
Stornoway has a diamond project that is quickly moving toward becoming Quebec’s first diamond mine. Matt Manson the president and CEO of Stornoway Diamond Corp. joined Allan Barry Laboucan on Stock Talk show. During the interview, Matt Manson talked about what has been accomplished so far, and their recent results from a bulk sampling of their Renard 65 kimberlite. They have found some very high quality diamonds in this kimberlite that carry high values, and Matt described how that fits into the overall project development.
Quebec is one of the best mining jurisdictions in the world and has opened their arms to the development of Stornoway’s Renard Diamond Project that is moving towards being a future mine. On are latest stocks talk show, Matt Manson the president and CEO of Stornoway Diamond Corp. came on to tell our listeners about the work they have done and some of their impressive recent results.
What makes diamond mines so profitable is that they often have high values of diamonds in a ton of rock, and relatively low costs to mine and recover diamonds. So far, the Canadian diamond mines are located in the Northwest Territories, and only have road access for a few months of the year. This made their development costs high and also makes their operating costs high as well.
The Rrenard Diamond Project owned by Stornoway, is not hampered by intermittent road access. The Government of Quebec is building a highway that gets very close to the Renard property and Stornoway will be building the continuation of that road that will go right to the property. This will help them reduce costs for building a mine, and also help keep costs lower when in production.
It looks like the Renard Diamond Project will benefit from having relatively low operating costs, and the recent diamond valuations suggests they will also have healthy margins. The interview was a great opportunity to put all of this into context, for our listeners, to learn more about the upside potential of Stornoway Diamond Corp. They have a lot of growth prospects going forward, and this will become clear as you listen to the interview.
After you have a chance to listen to the interview, you can also find a lot of additional information on their website at www.stornowaydiamonds.com to do your research. Stornoway Diamond Corp. is one of the banner sponsors on our website, if you click on their banner it will take you directly to their website. Stornoway Diamond Corp’s stock symbol is SWY on the Toronto Stock Exchange.
2013-04-18 11:04:59
Source: http://thestockvine.com/stock-talk-with-matt-manson-from-stornoway-diamond-corp/
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