Stellar Diamonds22 Oct 2009 00:51
SearchGold president Philippe Giaro said, "In a short time frame, the Mandala project has demonstrated its viability through sustained production, as well as its significant upside, with the recovery of high quality gemstones of up to 7.89 carats. While the diamond sector continues to be challenging, the higher-end segment of the market remains solid and high-quality stones provides the project with significant potential future upside. Pending the upcoming sale of the diamond currently held in stock, Stellar anticipates breaching the $1 million mark in revenue for 2009, which, given the current economic crisis, can be considered very encouraging."
Not just gold and iron dont forget Stellar Diamonds is a subsidery of AAAM and recovery of the diamond market will be more welcome news.. ( I think searchgold are a majorshareholder of AAAM) Fingers crossed for tomorrow.