Quote:
Originally Posted by Cyro
" Nice bit of news..Hope it becomes a substantial find after their preliminary work.
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Don't get your hopes up. All kinds of diamond bearing Kimberlite pipes have been discovered in Saskatchewan in last 25 years. Nothing substantial has ever resulted, although tens of millions have been spent on exploration and even test mines.
The Sask search even attracted DeBeers and other major players. They found some big diamonds, but it still was not enough for them to make the huge investment in a full-fledged mine, which I seem to recall would cost $1.6 billion.