TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Portee44

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Re: SWY - Portee pick

in response to

SWY - Portee pick

Vancouver Chick

posted on Mar 24, 2010 10:48AM

Jeez VC...

Thought either God or the Devil had you.....been a while..

Anyway I have been in SWY since I was 10 years old..a week or two ago..or so it seems..I will be buying more cause by 2011 they will be pulling rocks out of the ground..Quebec is a great place to invest in mining..Cheep hydro power and big bucks put in by the provincial government..good support..

Here is a news Release from this morning..

Home • Industry News • Industry News Archives • Quebec’s First Diamond Mine a Real Win for Stornoway

Quebec’s First Diamond Mine a Real Win for Stornoway

24 March 2010

>Email Article

Stornoway Diamond’s Renard Quebec mine might prove almost twice as profitable to develop following a revised preliminary assessment, making it one of the best undeveloped diamond sites in the world.

The company said that an updated economic assessment of the mine, in the James Bay region, indicates that total diamond production at Renard will be 30 million carats with a conceptual mine life of 25 years.

The Renard project may generate a pre-tax internal rate of return of 25%, up from a 2008 forecast of about 14%.

Stornoway board chairperson Eira Thomas said the study has established Renard as one of the best undeveloped diamond deposits in the world, well on track to becoming Quebec's first diamond mine.

The company expects to complete its full feasibility study of an underground and open-pit mine at the end of 2011.

Renard is located near the Otish Mountains on Stornoway's Foxtrot property and is a joint venture with Quebec Government mining development agency SOQUEM.