Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Walter responded to my email and phoned me directly on my concern of not being able to purchase online from a country other then the USA.
End result - From Canada anyways, need to call the 1-800# to place orders and the diamonds will be shipped out of the Vancouver office. (Avoids extra dutys and taxes)
I was impressed with the quick response, but of course they wanted the sale.
Take care KingDiamond.
I have written an email to the company asking why the purchase window for country is limited to 'USA'. I need to enter Canada. Is is limited now to US residents only?
So someone tell me why I wouldn't order direct from North American Diamonds?
Only says: 'major diamond cutter' -- who is it?
I also ask who are they selling/marketing to? Retailers?
NSDM Diamond Sales To Finance Diamond Exploration
2004-09-09 10:00 ET - News Release
BELLINGHAM, WA, Sept. 9 /PRNewswire-FirstCall/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce that it has reached a major milestone in its goal to become a vertically integrated diamond company.
The e-commerce website is now operational, featuring one of the largest selections of diamonds to the public. The inventory contains over 5000 diamonds valued at over $8,000,000.00. The selection contains virtually all shapes, sizes, colors and clarity. The diamonds can be selected by price, color, size and shape or any combination of characteristics. The inventory is updated every 24 hours by replacing the sold diamonds with new inventory.
Mr. Alec Peck is in charge of the day to day operations of all aspects of the e-commerce site. He is working with our technical and marketing staff on improving the website to reflect the quality and prestige of North Star Diamonds, Inc.
"This is a major accomplishment for NSDM as this will give the company a positive cash flow with which to expand its exploration program without the selling of shares and diluting the shareholders equity" stated Walter Stunder. "This gives the company new impetus which is required to attain the growth required." Mr. Stunder also predicts that the company will operate at a profit in the month of September.
Question: Does anyone know who the main source of the Diamonds is for North Star? Is this disclosed anywhere?
Like I said before, I bought into this for Diamond exploration, NOT a Website. Need Drill Site/Phase updates. Send info on these topics not the website.
Totally Agree!
Last PR titled: NSDM DIAMOND MARKETING PROGRAM PROJECTED TO SHOW PROFIT IN SEPTEMBER
Its now September --- an update would be nice on what is going on!
Looks like another milestone will come and go.
I bought into this for Diamond exploration, NOT a Website. Need Drill Site/Phase updates. A website will not raise pps.
Have you seen this? Have fun.
http://cmkx.yazzi.com/cmkxinvasion.htm
What I want to know is:
1) If there are any further geochemical results on Phase 2. 2) Timing of when any results will be announced on Phase 3.
3) What is the current status of Phase 1 and what is being completed at this time?
Can anyone answer #3?
Dean,
Any business has 'potential' business ... its the execution/delivery of true sales that matter. I find it an odd statement to make in a PR. Wait for real #'s to come in so true forcasts can be made.
Gooddoc,
Was anything of interest stated in your conversion with them that made you boldly say 'NSDM is in fine condition'?
Dolores, Thanks - eom
Sortagreen - Don't need to!
If there was an issue there is no way NSDM would still have those items on the website. I trust NSDM and what is stated in press releases and whats on the website way before believing what is said half the time on boards like this ... like averagejoe for example.
Dutch
Regarding Dr. Harvey T
NSDM Website states: http://northstardiamonds.net/content/blogcategory/68/56/
North Star will be assisted on the "Superior Craton Project" by Dr. Harvey Thorleifson Ph.D., a former research scientist with the Geological Survey of Canada.
Dr. Thorleifson received his B.A. (Hons.) in Geography from the University of Winnipeg and graduate degrees in Quaternary Geology from University of Manitoba (M.Sc.) and University of Colorado (Ph.D.). From 1986 to 2003 he was a research scientist with the Geological Survey of Canada and over the past 12 years, has made major contributions to the geoscience that supports and is integral to diamond exploration. In 1998 he was named Distinguished Lecturer of the Canadian Institute of Mining, Metallurgy and Petroleum.
Dr. Thorleifson served as an officer in many professional organizations, most recently as President of the Geological Association of Canada. He has a varied background in all facets of Quaternary geology with specific expertise in glacial stratigraphy, geomorphology and sedimentology.
Averagejoe: Is there any stock anywhere you don't think is a scam? Keep coming across your posts - same story all the time.
Averagejoe: Are you saying ...
...this press release was not authorized by Dr. Harvey Thorliefson?
http://www.northstardiamondsinc.com/pressrelease_sep29_2003.html
In case you haven't seen yet:
http://www.exn.ca/video/?Video=exn20021205-diamonds.asx
Good to see some excitment around here again.
A slow steady climb is all I ask for.
Shizzle ...
You still haven't disclosed what the '1 thing' is.
Care to share?
Anyone invested in UDVE along with NSDM?
Whats the scoop with them?
Previously a Canadian Bank for 15 years.
The nickname has carried on .....
Shizzle: Can you share what the 'One thing' is? EOM
Somebody explain to me the need for accelerating the Diamnond Marketing on the website when they are only in initial exploration stages?
What am I missing?
United Carina, Cons Pine provide Smeaton results
2004-06-15 10:40 ET - News Release
Also News Release (C-KPG) Consolidated Pine Channel Gold Corp
Mr. Rick Walker of United Carina and Consolidated Pine reports
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. have provided results from the companies' Smeaton, Sask., area property. The property is currently owned jointly by United Carina and Pine Channel, with CMKM Diamonds Inc. and U.S. Canadian Minerals each earning a 25-per-cent interest. The 25-per-cent interests will be earned by CMKM Diamonds and U.S. Canadian Minerals each providing $50,000 (U.S.) and each financing $200,000 worth of exploration on the 27-claim property. CMKM Diamonds is the operator of the property, and has provided results of caustic fusion diamond analyses performed by Saskatchewan Research Council (SRC) at its laboratory in Saskatoon, Sask. SRC is certified under ISO-17025 (minerals).
The results are for holes No. 1 and No. 2. Five holes were drilled in this phase of drilling, of which four intersected kimberlite. Two diamonds were retained on the 106-micron screen in sample No. 5, from hole No. 1, representing an interval from 190.0 metres to 210.4 metres depth and weighing 40.10 kilograms. The dimensions of the two stones are 0.22 millimetre by 0.14 mm by 0.10 mm, and 0.20 mm by 0.12 mm by 0.10 mm. Their combined weight is 0.001 milligram.
The samples are of split NQ core (nominal diameter 47.6 mm), and the other half of the core has been retained in a secure warehouse. The rock is a medium-to-coarse-grained pyroclastic kimberlite. No diamonds were recovered from 11 other samples.
The other two holes that also intersected kimberlite have not been sampled. The operator intends to have these holes sampled and tested for diamonds. Only two holes were initially tested because of the cost -- in this case, $30,000 for the first two holes. Now that the kimberlite has been shown to be diamondiferous, further testing for diamonds is warranted.
The operator has named this kimberlite the Carolyn kimberlite. It was first intersected in 1996, but not fully tested at the time. Since then, it has sometimes been referred to as the Smeaton kimberlite, although that term has also sometimes been used to refer to the entire trend of kimberlite in the Fort a la Corne area of Saskatchewan, or used as a type of designation.
The Smeaton property contains several other targets which the operator intends to drill test when weather conditions allow. Results from the further lab tests of core from the Carolyn pipe will be released when received. Elsewhere in the Fort a la Corne area, the companies participated in financing an airborne magnetic survey which consisted of over 50,000 line kilometres. Results from the survey are pending, and ground-proofing of anomalies will be carried out this summer, with a drill program to be conducted on any targets of merit.
The next immediate target to be drilled in which the companies have an interest is a non-magnetic resistivity anomaly that was outlined in a survey conducted by Furgo, and which the companies are each earning a 10-per-cent interest from CMKM Diamonds. The target is located in the main Fort a la Corne trend of 70-plus kimberlites, and was undetected in the past because of its non-magnetivity. Other kimberlites in the area have been shown to be very low to non-magnetic, but very few of these targets have ever been drill tested.
The companies will be participating in an aggressive diamond exploration program in the Fort a la Corne area of Saskatchewan well into the foreseeable future.
Ralph Newson of Saskatoon is the qualified person in this project.
A good read on CMKX
Not sure if someone already posted this here but it is a must read.
www.feistymama.com/ts/canadiandiamonds.htm
Deann, have you downloaded the database:
Manitoba Kimberlite Indicator Mineral Database from that site.
I can't seem to open it, anything interesting in there?
Another link to possibly add to favorites listed.
http://www.gov.mb.ca/itm/mrd/geo/kimdata/index.html
There ya go Prince - Survey completed
Interview from January - for anyone who missed it:
Walter Stunder
Chief Executive Officer
Interview conducted by:
Lynn Fosse
Senior Editor
CEOCFOinterviews.com
January 2004
BIO:
Walter Stunder, President
Founder of Aurora Pacific Consulting and Development Corp. and Black Sea Minerals, Inc. Aurora Pacific has been operating in the former Soviet Union since 1976 and in Ukraine since its independence in 1992. Mr. Stunder is fluent in both Ukrainian and Russian and has been to Ukraine 62 times. He has acted as consultant to many multinational companies doing business in Ukraine. He recently participated in Canada's official Trade Mission to Ukraine at the invitation of Prime Minister Jean Chrétien. Mr. Stunder is a leading authority on joint ventures in Ukraine.
Mr. Stunder is President, Chairman and Chief Executive Officer of the Company. He has been in the precious metals for many years. He received his education at the University of Saskatchewan. He has operated a successful consulting company for the past 26 years in the exploration and development of precious metals. He has been active as a board member of several public companies.
Because of his background and linguistic capabilities, he has been active in Eastern Europe since 1976. He has acted as a consultant to several International companies with regard to precious mineral properties and presently sees the potential in developments in that region.
Company Profile:
North Star Diamonds, Inc. (Pink Sheets: NSDM) is a mining company focused on the discovery of commercial diamond deposits in Ukraine and Canada. North Star is not starting a new program, but building on a 10-year base of diamond discovery in Ukraine, as well as further developing its Canadian assets. North Star Diamonds is committed to a long-range plan for diamond exploration and feels that with the Superior Craton Project and the assets in Ukraine, North Star is focused on establishing the Company as a true world explorer in search for diamonds.
CEOCFOinterviews: Mr. Stunder, please tell us what sets you apart from others in diamond exploration and how you became involved with North Star Diamonds?
Mr. Stunder: “I am a gemologist and have been in diamond exploration for fifteen years. I am probably one of the few gemologists that are into the exploration business as I always wanted to look for diamonds at the source. I worked for some major companies exploring for diamonds in the Soviet Union because I speak both Russian and Ukrainian. However, when some of the projects didn’t go well there, I decided to start my own company. I took over a company that was already trading on the pink sheets, and we renamed it North Star. I vended in some very good properties located in Ukraine. Some of our shareholders have asked us to start in Canada because Canada is producing 12% of the world’s diamonds and in 20 years, Canada is expected to produce up to 50%. Definitely the action is in Canada, so we moved into Canada to take advantage of the situation.”
CEOCFOinterviews: How do you decide where you should be looking?
Mr. Stunder: “It is very simple and a matter of economics. The diamonds in Canada have been found in the far north. When your start dealing north of the Arctic Circle, it is very difficult to operate and your costs are very high. In Ukraine, most of our kimberlite was found just off paved roads, so we thought we would look for the same type of places in Canada and the United States. We found some potential kimberlite, just off the TransCanada Hwy, which is the main road east and west in Canada. We hired some satellite imaging companies to look for them, and that is how we found them. We tested for indicator minerals, and they are there, so we have the best of both worlds.”
CEOCFOinterviews: How much of this is intuition and how much is science?
Mr. Stunder: “Diamonds have been found to the west of us and diamonds have been found to the northwest and diamonds in the U.S. to the south of us. We are right in the middle of it, and there is good geo science involved as well. We are on the edge of a Superior Craton and cratons are generally diamond producing areas. We are sort of the Christopher Columbus of the area; we picked up this area because no one else thought of looking there.”
CEOCFOinterviews: What is the process that you need to go through, and where are you in that process?
Mr. Stunder: ”First we have to locate the kimberlite structures, which we did through satellite imaging and then we did the ground-work and the geo physics with magnetometers at an area. That is precise work and needs to be done on the ground to find out where the center of the anomalies is. As of December 16th (2003), we started drilling our first four targets and it is going well. We will be finished on the 20th of this month, drilling the first four targets.”
CEOCFOinterviews: Where will you go from there?
Mr. Stunder: “We will take the core down to the laboratories to have it analyzed. If the core contains diamond indicator minerals or associated minerals, we will continue the exploration program.”
CEOCFOinterviews: What are you doing in the Ukraine now?
Mr. Stunder: “In Ukraine we completed our drilling program, but they do not drill in the winter there because of the antiquated equipment. We have taken the cores to the lab and we have the results, which are very good. We found over 141 micro diamonds. We have found some macro diamonds, which means they are over one millimeter in diameter. We will be working on the same area next year and will have a drill program organized by the end of January to look into Ukraine as well.”
CEOCFOinterviews: You mentioned antiquated equipment in the Ukraine; do you rent equipment or what are the physical needs of drilling there?
Mr. Stunder: “In Ukraine, we drill on a per-meter contract. The equipment belongs to the government and we work with the government. We have purchased one of our own drills there and it is working very well; drills can be purchased very inexpensively.”
CEOCFOinterviews: How are you funding the explorations?
Mr. Stunder: “We keep a tight budget and work in areas that are very cheap to work in. In Ukraine the geologists get about 125 dollars a month and the drillers get even less, so labor makes up the major portion of the cost. In Canada, we are drilling just off the Highway and our drilling costs are approximately 23 dollars a foot, whereas if you start drilling in the far north, your costs are over 150 dollars a foot. We get a lot of bang for our buck and we don’t have to raise that much money. We are raising money through the normal process of doing private placements, and some of the investors are buying shares.”
CEOCFOinterviews: What comes next?
Mr. Stunder: “We have several majors looking over our shoulder now, and some of the majors have realized that we have some of the best land in Canada. We may be forming joint ventures with some of the major companies. Funding is not going to be a problem. We are looking forward to establishing a cash flow through the sale of cut diamonds; this is something that will be announced early in the next year. One of the major diamond cutting companies is interested in funding our exploration program, and they are going to make their stock of diamonds available to us to sell over our website. Our website is well advertised and well accepted. We have other plans already to make North Star Diamonds a company that that is sustaining a good cash flow.”
CEOCFOinterviews: It sounds like you have things covered in all areas!
Mr. Stunder: “This is what the investors want; they don’t want a one-shot deal, where if we don’t find diamonds, we run out of money and everything goes down the drain. I have been at this awhile and I am over sixty with a lot of experience. I think we are building a company in which the shareholder gets very good results.”
CEOCFOinterviews: Are there other properties you are looking at in Canada that are close by?
Mr. Stunder: “Yes, we are offered properties virtually on a daily basis. There are several companies in Alberta and Saskatchewan. We have diamond properties offered to us in South America, Sweden as well as Africa. We have no shortage of picking up the best deals.”
CEOCFOinterviews: You mentioned that Canada will be the biggest diamond producer, tell us a bit about the diamond industry in general and where North Star fits it.
Mr. Stunder: “The industry in Canada is very new, we just started producing diamonds a few years ago, and we are already producing 12%. The momentum is with Canada now, and in the future Canada may be producing up to 50%. We have gotten some of the best territory on the superior Craton, which is one of the largest Craton and makes up about 23% if the world’s Craton. We have approximately fifteen more targets to drill immediately and we are well funded already. North Star Diamonds is going to be a major player. The results have been positive and we have immediately become one of the major players in Canada.”
CEOCFOinterviews: Does the interest in diamonds in general and exploration in particular, fluctuate in terms of the world economy?
Mr. Stunder: “Diamonds are a women’s best friend and as long is there are women around, there will be a good market for diamonds. Economically there is quite a bit of fluctuation in the market, although the diamond industry is short of good rough diamonds now. I went to the Rapaport Diamond Conference in New York in November (2003) and the indication was that the rough diamonds are going to be in short supply. There is always some area of the world, which is in very good shape. Presently, the United States is doing well, Asia is coming back and Europe is always relatively stable, so there will be a good market for diamonds in the foreseeable future. Diamonds are well established as the choice when it comes to jewelry. The diamond market in general is very positive in the future.”
CEOCFOinterviews: Once you find the diamonds, how long is the process before you have something in your hands to sell?
Mr. Stunder: “It is usually about a four or five-year process. In the northern Canada where they started out, it took about six years from the time they found them, to the time they actually came out of the ground. The processing of diamonds is a benign process; we don’t have to use any kind of chemical. It is strictly crushing the kimberlite in which the diamonds are found, making it into powder and screening the diamonds out. There are various processes of taking the diamonds out of the ground but it is simple because there are no chemicals or complicated processes.”
CEOCFOinterviews: You mentioned that in the mean time, you have some other plans for North Star to be sort of a diamond center, is that correct?
Mr. Stunder: “Having received my degree in gemology back in the 1970s; I used to operate several major jewelry stores, so I have made good connections. In addition, some of the major cutters of diamonds saw our website, how well it is operating, how well it is advertised and became interested in working with us. We are approaching 6000 shareholders now, which for a small company is a large amount. With approximately 3000 people visiting our website every week, our plans are to sell diamonds on our website. Our diamonds will be graded by GIA (Gemological Institute of America) or the European Gemological Society. People will feel very comfortable purchasing diamonds from us on the website and that will give us a cash flow as well as possibly providing funding for our exploration process.”
CEOCFOinterviews: What do you see as your challenges for the future?
Mr. Stunder: “Vertical integration is the main process right now and we will be a vertically integrated company. Companies like Tiffany’s have already invested into exploration of diamonds, so we have to start out our vertical integration at an early stage. If you try to vertically integrate, once you get very large, it costs a lot of money. We have two main challenges; number one is finding a good diamond supply, which we have already done for our retail market. We think that we have some of the best properties in the world when it comes to exploring for diamonds. The other is diamond cutting, I am very familiar with that and know more about diamond cutting than I do about diamond exploration. If we find diamonds and we have a good retail market, then the cutting plan is just a natural part of the chain.”
CEOCFOinterviews: Why should investors be looking to North Star as opposed to some of the other companies out there?
Mr. Stunder: “North Star Diamonds has a very good management team. We have a slow burn out rate; that means that our over-head is very low. We are under valued in the market as far as I am concerned. Plans are to become fully reporting in early 2004 and apply for OTC:BB listing. We have some of the best people and we have one of the world’s foremost satellite imaging area experts, and he has pointed out where we should be going. Since the early 1970s I have been interested in diamonds and have a vast knowledge of the type of area where and what we should be looking for. I actually feel that we have the best management team in the industry for a small cap company. I feel the benefits of the approach we have taken will become apparent in the near future.”
CEOCFOinterviews: In closing, what would you like readers to remember about North Star Diamonds?
Mr. Stunder: “While we are a young company, we have a lot of experience. I think North Star Diamonds is a very good investment at this point.”