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SEDI_bot North Arrow Minerals Inc. $NAR just filed 2 reports. View full report: SEDI:NAR
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@JamesKwantes Tin man/diamond dude Gren Thomas active in the market - bought another 205,000 $NAR shares at .17 and 40,000 $SBW shares at .15 SEDI:NAR
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@GEMOIL Nice to see insider interest in this one. GLTA
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@racker New North Arrow Minerals $NAR Presentation https://www.youtube.com/watch?v=YoflcQSpSCM+
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@JamesKwantes Big takeaway from new $NAR deck: drilling at Qilalugaq, the coloured diamond project on tidewater in Nunavut. Results of North Arrow's cutting and polishing exercises on Qilalugaq's fancy yellow and orange diamonds make the project interesting enough to warrant further work. Chairman Gren Thomas has been buying at this sub $10M valuation (so have I) SEDI:NAR #diamonds
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@JamesKwantes They say a picture is worth 1,000 words. Some of the valuable orangey diamonds from $NAR's Qilalugaq project are stunning, drenched with colour http://blog.ceo.ca/wp-content/uploads/2016/01/NARyellow.jpg+
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@ekim @JamesKwantes and @Breccia $NAR he wasn't shy to offer up his opinion on the future valuations. $200 per carat. Assuming it is $US. gives you CAD$260 per carat x the highest grade domain @ 0.77 cpt. Gives you CAD$200 per tonne. Probably around CAD$100 per tonne potential margin..and that gets squeezed by the other domains. 48 million x CAD$100 = CAD$4.8 billion potential cashflow to work with. Not too bad. now you just need to prove up that US$200 per carat valuation and the project is looking better. More parcels, more diamonds, more money. This potential is clearly a reason to keep this project in the forefront. Tough sledding though...but what isn't in the diamond sector.
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@GEMOIL Goodness that presentation was boring.
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@JamesKwantes The orangey diamonds, on the other hand ... :)
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@GEMOIL too far north...
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@JamesKwantes Wrote a piece on diamond pioneer Gren Thomas's latest market moves https://www.canadianinsider.com/blog/diamond-pioneer-gren-thomas-takes-shine-gold-tin-plays $NAR $SBY $WHN $DDC $HRC $OR
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@JamesKwantes Will echo @MiningBookGuy - thanks for the liveblogging for those of us who can't be there, guys. Guess it's too late now but would love to hear Kaiser's reaction to $NAR news that they plan to drill Qilalugaq in the spring :)
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@JamesKwantes Agree on $KDI @ekim, $NAR came out with a Qilalugaq valuation not much different last summer and it "killed" the project (and stock). Now North Arrow taking another run at Q with some drilling and potentially a larger bulk sample. Kennady has looked pretty richly valued for a long time (esp compared to NAR at these levels)
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@newstracker North Arrow Yellowknife Geoscience Conference Presentation: https://www.youtube.com/watch?v=CTtHVl4cfqc+ $NAR
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@tommy Attending a make North Arrow Minerals $NAR great again meeting this aft. Haven't caught up with them in a long time.
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@marketwired North Arrow Acquires Remaining Interests in Qilalugaq (Nunavut) and Pikoo (Saskatchewan) Diamond Projects From Stornoway @marketwired/north-arrow-acquires-remaining-interests-in-qilalugaq $NAR $SWY  North Arrow will acquire Stornoway's approximate 18% interest in the Qilalugaq Project and approximate 15% interest in the Pikoo Project in exchange for 2,000,000 shares of North Arrow.
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@JamesKwantes Good to see $NAR consolidate Pikoo and Qilalugaq, and on favourable terms. Under-the-radar Canadian diamond exploration
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@tommy North Arrow $NAR was one of CEO.CA's biggest disappointments of 2014/2015. We were trying so hard to get the market excited in those dark bear years! North Arrow had remarkable shareholders, an enviable share structure, and a binary event -- a Nunavut diamond bulk sample diamond valuation before them, that we were probably overly excited about. http://blog.ceo.ca/2015/02/26/lukas-lundin-very-encouraged-by-north-arrow-bulk-sample/ The valuation disappointed majorly. Today North Arrow bought Stornoway's 18% stake in the Project for a modest 2,000,000 shares (worth $340k). CEO Ken Armstrong thinks the project deserved a better diamond valuation because of the quality of Yellow stones. He says the bulk sample was far too small to condemn the overall large kimberlite body, which has the uniqueness of being sizable and diamondiferous. Further work is warranted on a priority basis when compared to other diamond exploration projects, Armstrong believes. North Arrow IR Nick Thomas said plans are underway to gradually rebrand Quilalugac the Naujaat Diamond Project, I'm presuming to symbolize a new beginning. Pronounced "Now-Yat", Naujaat is the Hamlet 9km from NAR. It means Resting Place of Seagulls, Thomas says. TMI? LOL. North Arrow has a quality portfolio of Canadian diamond exploration projects, and has another property tied on to Nunavut's premier gold developer, Tmac Resources, that looks interesting. ~9.2 mil market cap for NAR today, last at 17c. I don't know if it's a buy, but I like these guys (they were also modest sponsors of CEO.ca in the lean years!, furthering colouring my view). I hope they can get the momentum at Naujaat going again. Non-dilutive financing at the project level is now a greater possibility having acquired Stornoway's 18%. Here's today's NR: @marketwired/north-arrow-acquires-remaining-interests-in-qilalugaq
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@ekim Anyone who likes unique #geology photos..this is a must - From the Nunavut Geoscience office - Exploration review from 2016 - http://cngo.ca/app/uploads/Exploration_Overview_2016-English.pdf $NAR has a nice photo on page 7, but they are all great photos.
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@GEMOIL and NAR wakes up from it's deep-sleep...
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@ekim NAR is at roundup today and tomorrow. 2 of the 4 day conference.
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@GEMOIL CNGO did an outstanding job on that publication.
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@ekim @GEMOIL It was an excellent publication. I agree.
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@GEMOIL NAR has discovered ten (discrete) kimberlite bodies at Pikoo and only five have been tested and all tested are diamondiferous. Is there a map somewhere that shows locations of all ten kimberlites.
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@GEMOIL ATV pulls out of Pikoo Monday and NAR is building an ice-road to target. GLTA!
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@ekim @GEMOIL I read that post and thought NAR was actually using an all terrain vehicle...which seems very plausible at a small exploration site. Then someone posted on the ATV chat and it all made more sense.
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anonymous atv
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@marketwired North Arrow Reports Highly Anomalous Till Sample Result From the Mel Diamond Project @marketwired/north-arrow-reports-highly-anomalous-till-sample-result $NAR
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@GEMOIL The market does not get too revved up by Arctic Circle plays. I suppose if they found another Diavik up there it would be another story.
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@JamesKwantes Looks like North Arrow has found the bedrock kimberlite source at Mel. Mel + drill program at Qilalugaq + Pikoo = some potentially exciting catalysts in 2017. Market cap still sub $11M but I think $NAR will have to raise $$ soon. Investors in a "show me" mood but I continue to like the story, particularly at these levels
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anonymous I expect news soon... GLTA
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@ekim #gold cherry picking. I see both $DVI and $AUG are moving into $AEM 's backyard similar to $NAR moving into $TMAC's backyard. #nunavut plays.
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@marketwired North Arrow Closes Acquisition of Remaining Interests in Qilalugaq (Nunavut) and Pikoo (Saskatchewan) Diamond Projects @marketwired/north-arrow-closes-acquisition-of-remaining-interests $NAR $SWY The company has issued to Stornoway 2,000,000 common shares of North Arrow. Stornoway retains 0.5% and 1.0% gross overriding royalties on diamonds and 0.5% and 1.0% net smelter returns royalties on base and precious metals mined from the Qilalugaq and Pikoo Projects, respectively. North Arrow is also required to make Cdn $2.5M and Cdn $1.25M cash payments to Stornoway at the same time that first royalty payments relating to the Qilalugaq and Pikoo Projects, respectively, are payable.
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@ekim Did anonymous just leak the fact that there was news end of day today? Sounds like it to me. Either the anon is very lucky with timing..or was in the know...in which case...should not be disclosing unless mgmt is telling everyone to get a news update end of day.
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@JamesKwantes All the details of the deal had already been released @ekim so NR announcing closing of the deal not really "news" - more housekeeping
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anonymous I expect more better news soon... GLTA
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@JamesKwantes Don't follow $ATV but noticing $NAR trading for only double Alto's market cap, with Pikoo and several other active projects going
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@ekim @JamesKwantes better yet $NAR is only trading at 1/3rd of what $DVI is trading at. Talk about a confusing #diamonds market.
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@zartceps @jameskwantes Do you reckon there will come an opportunity to bottom fish $LUC below 2 CAD at some point in time, or is it more likely to await an uptrend in $NAR
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@JamesKwantes Be amazed if $LUC goes below $2
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@JamesKwantes Thin crowd at diamond presentations but heavy hitters include people who have shaped the Canadian diamond industry: Chuck Fipke, Eira Thomas, also William Lamb $SWY $NAR $DMI $SGF $LUC #PDAC
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anonymous Stockwatch's Will Purcell on NAR: Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), unchanged at 19.5 cents on 7,000 shares, is just 1,700 carats from proving or killing its Q1-4 kimberlite at Qilalugaq, near Repulse Bay in central Nunavut. Unfortunately, North Arrow's shareholders likely face a two-year wait for the story to unfold. (The company now refers to Qilalugaq by the Inuit name for Repulse Bay -- Naujaat -- which it thinks is easier on investors' tongues. It probably is, being two syllables shorter, but the new name -- a resting place for seagulls -- is less inspiring as the old one, which translates to beluga whale.) North Arrow acquired an option on Naujaat from Stornoway Diamond Corp. (SWY: $0.84) four years ago. It completed its earn-in two years ago, through a 1,000-tonne bulk sample of Q1-4 that produced 384.28 carats from 1,353.37 tonnes of kimberlite, or 0.28 carat per tonne. That was disappointing, as the company claims an inferred resource of 48.8 million tonnes at 0.536 carat per tonne, nearly double the test grade. Despite the low grade, Mr. Armstrong, president and chief executive officer, deemed the result "in line with expectations for the sampled area of the kimberlite," an area that North Arrow said was known to have a low grade but was easier, and therefore cheaper, to get at. A bigger disappointment came a few months later, when North Arrow had its diamonds appraised and modelled. They were appraised at $36 (U.S.) per carat and modelled at between $43 (U.S.) and $92 (U.S.) per carat, despite the company's increasing hype about a desirable population of fancy yellow gems. (Stock guru John Kaiser was not among the believers -- he likened their appearance to that of "certain bodily secretions," adding that "diamonds coloured like boogers, urine, gall stones or ear wax are not appealing.") Undaunted, Mr. Armstrong nevertheless had several of North Arrow's boogers and gall stones cut and polished. The results were considerably more attractive and added significantly more value to a subsequent appraisal than the cutting and polishing cost. Further, North Arrow thinks that its yellow -- it now promotes them as "orangey-yellow" -- diamonds are a distinct population within Q1-4 and that they have a much coarser size distribution curve than do the ho-hum whites that appear to be particularly unimpressive. North Arrow is now facing more work to prove the point. Mr. Armstrong and his crew believe they need another 700 carats on top of the nearly 400 already on hand, to prove their theory about the orangey-yellow diamonds having a much coarser size frequency distribution than the whites. Then, they will need 1,000 carats more to determine the diamond values within a reasonable range. Mr. Armstrong's promotion suggests that a diamond value of $200 (U.S.) per carat for Q1-4 is possible, assuming the company's theories bear out, and which could prove economic if the original grade calculation holds up. Unfortunately, the big tests are not expected until 2018. This year, North Arrow says it plans up to 6,000 metres of drilling to better assess the tonnage and geology of the pipe, as well as the spatial distribution of diamonds across the large, horseshoe-shaped pipe.
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@ekim I watched the latest you tube presentation and when they indicate the yellow population is distinct and could have a coarse distribution and the result could be US$100 to US$200 per carat. I really think that modelling the yellow stones is a great idea and needs to be done...but what I would like to know is a breakdown of cpt grade by the standard white/other population and the yellow population. Basically what is the expected cpt of the yellow population. That information could be nearer then the valuation model...but with that information I can extrapolate what I would need to find in the yellow stone valuation model to give my opinion on whether a mine could be feasible. Shouting out US$200 per carat may not make it if that is attached to a 0.1 cpt population. A 0.2 cpt population may need an independent US$400 per carat model.
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@JamesKwantes Check out the waterfall slide $DDC took beginning in mid-February, when it was trading for $13.50 Canadian (Washington's takeover offer is for US$13.50) and declined for several sessions in a row. Retail investors tend to shrug at #diamonds but this hostile bid shows a continuing interest in diamonds from wealthy and successful groups -- now the Washingtons but also Lukas Lundin, Anglo-American, renewed interest from Rio, etc -- because the business is very profitable. Wouldn't be surprised to see many of the diamond pubcos catch a bid Monday, there aren't a lot of them. $NAR for example has a JV with $DDC in NWT
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@JamesKwantes On Nunavut don't forget $NAR with a prime (mineralized) property directly north of TMAC's Doris deposit
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@ekim Updated the list of potential acquirers for $PGD #chidliak with the addition of this Washington Group of companies ($DDC) -- https://chidliak.blogspot.ca/p/potential-acquirers.html This same list would be relevant to other diamond players like $NAR $KDI $DVI $DIA etc. #diamonds
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@tommy Here's the only $TMR area play https://youtu.be/9Ms-FxYAAxA+ $NAR #Nunavut
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@JamesKwantes Hearing that North Arrow Minerals CEO Ken Armstrong will be on BNN tomorrow at 8:30 am PST with the inimitable Andrew Bell. Some renewed interest in the space as the $DDC takeover talk continues #diamonds $NAR
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@racker $NAR CEO Ken Armstrong doing well on BNN TV... Talking up Quilalugac's Yellow Diamonds.. Stock up 12% to 28cents on 75k shares
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@ekim @racker I'll have to watch the ondemand when it is available. The yellow/orangey stones have to do a lot heavy lifting for the economics. There is possibility. #diamonds $NAR
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