Just a heads up on Stornaway Doiamonds..who are in mining friendly Quebec...
The Quebec Government owns 50% of this project so it is money in the bank for the SWY Shareprice ,now around .60....
I have owned this company for many years waiting for payday..it is coming...
Out this morning on mine approval..
The indians are on side so should be spiking soon..,.
Stornoway Signs Quebec Mine Pre-Development Pact
30 July 2010
Stornoway Diamond has completed a pre-development agreement with the Grand Council of the Crees for the Renard diamond project in Quebec, Canada.
The project has the potential to produce approximately 30 million carats of diamonds over a 25-year mine life with a total estimated capital investment of C$511m.
The Crees will contribute to the mine's environmental and social impact study while the company will provide business and employment opportunities for the local community.
The project is a 50:50 joint venture between Stornoway Diamond and SOQUEM, a wholly-owned subsidiary of SGF, the Quebec Government's main industrial and financial holding company.