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    Stornoway Announces 56% Increase in Renard Diamond Price Estimate

    Investing News Network
    Jun. 13, 2011 10:03AM PST
    Diamond Investing

    Stornoway Diamond Corporation (TSE:SWY) announced the results of diamond valuation from the Renard Diamond Project.

    Stornoway Diamond Corporation ( TSE:SWY) Stornoway Diamond Corporation (TSX:SWY) announced the results of diamond valuation from the Renard Diamond Project.

    The press release is quoted as saying:

    Diamond price models represent the true diamond price that might reasonably be expected for each kimberlite upon production based on standard commercial-scale recoveries of all diamond size classes.

    Matt Manson, President and CEO, commented:

    “Our feasibility study, which is on track for delivery in the third quarter, will outline a project with a high production rate, high diamond price, long mine life potential, and available road and power infrastructure in a leading, pro-mining jurisdiction.”

    Click here to read the entire news release.

    Click here for a profile of Stornoway Diamond Corporation ( TSE:SWY)

    mine lifestornoway diamondtsx:swystornoway diamond corporationrenard diamond project
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