Dunnedin Ventures: Diamond Market Trends Looking Positive

TL;DR

The diamond market is showing positive signs, with increasing prices and a decrease in supply, while Dunedin Ventures is an advanced exploration company aiming to tap into the diamond potential in Nunavut.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me as Claudia tørnquist president of Dunedin ventures and Chris Taylor CEO of Dunedin ventures thank you both for joining me today thank you John it thank you um Claudia can you start by telling me about the diamond market what's going on right now well the down market certain... Read More

Key Insights

• ♦️ The diamond market is experiencing positive momentum, with recent price increases and a decrease in supply due to mine closures.
• ♦️ Dunedin Ventures is an advanced exploration company focusing on diamonds in Nunavut, with their Kahuna project having a significant existing diamond resource.
• 👻 Collaborations with renowned diamond expert Chuck Fipke and extensive exploration data allow Dunedin Ventures to target the most prospective kimberlite pipes.

Questions & Answers

Q: What are the recent trends in the diamond market?

The diamond market has seen positive developments, with a 3% increase in rough diamond prices in 2017 and further price rises in January. Additionally, there will be a decrease in supply due to the closure of a major mine in Russia.

Q: What is Dunedin Ventures' focus in the diamond market?

Dunedin Ventures is an advanced exploration company targeting diamonds in Nunavut. Their main project is Kahuna, near Rankin Inlet, which has a proven diamond resource of 4 million carats.

Q: How does Dunedin Ventures determine the potential of diamond kimberlite pipes?

With the help of diamond expert Chuck Fipke and 10 years of exploration data, Dunedin Ventures analyzes multiple pipe targets on their property to identify those most likely to host valuable diamonds. They will soon begin drilling to test these attractive targets.

Q: What can investors expect from Dunedin Ventures in the coming months?

Dunedin Ventures has several catalysts lined up for this year. They will commence drilling in March and update the market with results at that time. Further results can be expected in June and July, making it an exciting year for shareholders, with hopes for transformative discoveries.

Summary & Key Takeaways

• The diamond market has experienced a challenging period but recent indications show encouraging signs, with a 3% increase in rough diamond prices in 2017 and further price increases in January.

• Dunedin Ventures is an advanced exploration company focused on diamonds in Nunavut, with their main project being Kahuna near Rankin Inlet. They have a proven diamond resource of 4 million carats and will soon begin drilling for the first time.

• The targeting of diamond kimberlite pipes at Dunedin Ventures' project benefits from extensive data and collaborations with diamond expert Chuck Fipke, aiming to identify the most promising targets that could host valuable diamonds.