"From the diamond find news release,
Drilling continues with one drill rig on this new discovery. A second hole is currently being planned to continue the test of this new kimberlite. Samples will be sent for diamond content testing upon completion of the program. The DIAGNOS Initiative project is funded equally by Spider and KWG on a 50:50 basis.
Maybe confimation of diamonds or finding more diamonds.
Making KWG's offer superior to CLF's offer now."
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In a recent interview Pierre Lassonde said that economic diamond finds are so rare that the market will instantly revalue the underlying stock to 10% of Net Asset Value of the diamonds. Such a find can propel a company from obscurity to a billion dollar company overnight. Now wouldn't that be the ultimate revenge on greedy uncle Cliff!