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Highbank Resources (HBK) have just started this month of July to mobilize and get their site ready for production by the end of August of this year, 2014.

It will be at a COST of just around $4,000,000 million, give or take a bit to be in production and selling their mined product to the end user with one CONTRACT already in hand.

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COMPARE.........

VALE has just recently opened a new mine called the TOTTEN Mine, with a mine life of 20 years.

It cost $760,000,000 million and 7 years to complete.

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Stornaway Diamond Corp has just announced that it has entered into a contract for Engineering, Procurement and Construction Management ("EPCM") with SNC-Lavalin Inc. for the Renard Diamond Project. SNC-Lavalin will provide EPCM services for on-site utilities such as the liquid natural gas power plant, the processing plant building, service buildings, water treatment facilities, and on-site infrastructure. The agreement with SNC-Lavalin contemplates sub-contracted services to be provided by AMEC Americas Ltd. (AMEC) and DRA Americas Inc. (DRA) for certain specialized engineering and field support services relating to the project's diamond processing plant and diamond recovery circuits. The total capital cost of site facilities and infrastructure within the scope of the EPCM.

The cost of the contract is estimated at approximately C$425,000,000 million, time line I would expect to be 3 to 5 years.

WOW !!!

.......RL.