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MacSusan
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SGF-Shore Gold-TSX.
These guys are drilling for diamonds in the Fort à la Corne area of central Saskatchewan (Star Kimberlite diamond project). Their claim is right next to the Cameco/De Beers/Kensington claim. Their share price closed up at $1.30 on Friday with good volume.
On Sept 4 they announced that the initial bulk sampling of up to 25,000 tonnes of kimberlite will commence very soon.
I will direct you to the yahoo quote page as alot of information is there (quote,charts,volume,news etc). http://finance.yahoo.com/q?s=sgf.v

Here is their web page. http://www.shoregold.com/

I was thinking this might be a good stock because since they are getting close to doing the bulk sampling people will drive the price up on hopes of a big diamond find. Also the chart has been moving sideways for a bit and broke through some resistance on Friday.

I am quite new to this game and therefore very inexperienced. So, any input from someone who knows more about charts would be appreciated. Also, if anyone has any comment about the company or any other info to share that would be great.

S.


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MacSusan
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Here is the claims map. http://www.explorationgis.com/falc_detail.html

S.


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MacSusan
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Another good day for SGF. Closed 11.54% up. Volume was slightly higher than Friday's and there is still a few weeks before the kimberlite processing starts.

S.


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MacSusan
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I am still holding this one as I still think it will do well.

S.


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Lee Darcy
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I sold this one too soon and only have half of what I sold left and am crying. You might want to look at great western gold at .20 canadian. It is going for envirmental and ispreparing to do open pit mining. Rare earth is very high profit per ton. I posted it on the over .10 BB.

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LeeD


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MacSusan
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October 9, 2003

SHORE INTERSECTS KIMBERLITE, PLANT CONSTRUCTION PROCEEDS

George H. Read, Vice President Exploration, is pleased to report that the shaft on the Star Diamond Project has intersected kimberlite. The shaft passed through the sediment-kimberlite interface at 107 metres below surface. This kimberlite interface is exactly as defined by the pilot drill hole (Star 32). The shaft continues in kimberlite and is currently at 111
metres below surface. The success of the freeze-wall has enabled Shore to reach this depth and continue successfully into the Star kimberlite. The construction of the on-site Dense Media Separation ("DMS") plant is well underway.

The aim of the Star Diamond Project is to recover and process 25,000 tons of kimberlite in order to produce a macrodiamond parcel of some 3,000 carats. This diamond parcel will be used for stone valuation purposes. In order to recover this 25,000 ton bulk sample, the shaft will be sunk to 250 metres below surface. Approximately 5,000 tons of kimberlite will be recovered from the shaft and the remaining 20,000 tons of kimberlite will be excavated from lateral drifts. The lateral drifts will enable Shore geologists to accurately map in-situ kimberlite in excess of 100 metres from the shaft. All kimberlite recovered from the shaft and lateral drifts will be processed on-site using the DMS plant. The kimberlite will be batch processed through the plant to ensure accurate diamond grade determinations for specific kimberlite types.

The components of the modular DMS plant have been delivered to the Star Diamond Project and all components have been safely unloaded. Personnel from Bateman Engineering, the plant manufacturers, are supervising the assembly of the plant. Presently 50% of the plant components have been assembled and attached to concrete foundations. It is anticipated that the plant will be fully assembled during October and that plant commissioning will occur immediately thereafter.

Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".

For further information please contact:

Kenneth E. MacNeill, President & C.E.O.; George Sanders, Vice President
Corporate Development; or George H. Read, P. Geo., Vice President
Exploration at (306) 664-2202


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Lee Darcy
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MacSusan, you are right! Berny Steinmetz, the biggest diamond buyer in the world owns Magma diamond who has invested like a million and a half on a private placement in Shore. He is also at no cost to Shore providing a test seperation plant that was delivered the end of june. When it hit $1.23 I sold half figuring it would retrace back down to .90 cents but it didn't do it and it is now in the $1.30 to !.40 range. I hope it goes back down so I will pick up the lost shares. right now Great Western minerals with rare earth and diamond holdings is an excellent buy at .18 to .20 per share canadian.

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LeeD


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microdaytrader
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quote:
Originally posted by Lee Darcy:
MacSusan, you are right! Berny Steinmetz, the biggest diamond buyer in the world owns Magma diamond who has invested like a million and a half on a private placement in Shore. He is also at no cost to Shore providing a test seperation plant that was delivered the end of june. When it hit $1.23 I sold half figuring it would retrace back down to .90 cents but it didn't do it and it is now in the $1.30 to !.40 range. I hope it goes back down so I will pick up the lost shares. right now Great Western minerals with rare earth and diamond holdings is an excellent buy at .18 to .20 per share canadiAN

FROM
MINESITE.COM


Shore Gold Could Soon Be In Play With Magma As A Partner.


At first sight it was quite an innocuous little announcement. A newly formed company called Magma Diamond Resources had decided, for reasons of its own, to invest C$1.875 million in Shore Gold - a company which, despite its name, is exploring for diamonds in Saskatchewan. The private placement consists of 2.5 million units at a price of C$0.75 per unit. Each unit consists of one common share and one share purchase warrant, exercisable at a price of C$1.10 for 18 months from the date of closing. Initially the holding is under 10 per cent and the eventual holding depends on how many other outstanding warrants are exercised.

Judged on this it hardly looks like a first step towards a bid especially as Brian Menell, the chairman of Magma, who is described as having 14 years of experience in the diamond marketing, mining and exploration industries, including eight years with the De Beers Group and three years as an executive director of Anglovaal Mining, is an old friend of Jonathan Challis, president of Shore Gold. It is not mentioned in the release, but they were involved together at Diamondworks in Angola prior to the horrifying raid on the Yetwene mine.

The other shareholders in Magma are Benny Steinmetz, who is an international investor with extensive investments in diamonds, natural resources, engineering and real estate. His company BSG Investments is not only the biggest shareholder in Magma, but also controls the Steinmetz Diamond group which is one of the world’s largest integrated diamond marketing and trading companies with offices in Antwerp, Tel Aviv, Mumbai, Johannesburg, New York and Chicago. And Bateman which is not only the world’s foremost provider of process and recovery expertise and equipment to the diamond mining industry, but also has extensive in-house capability in the preparation of diamond mining feasibility studies and project financing.

It is quite a team and Magma itself is a newly formed company whose sole purpose is equity and debt participation in diamond mining and exploration projects worldwide, and the adding of value to these projects through the provision of technical and
marketing expertise. The usual pleasantries are exchanged between the parties in the press release with Jonathan Challis expressing the hope that Magma’s expertise will help his company carry out its proposed 25,000 tonne bulk sample at the Star kimberlite which is becoming increasingly recognized as one of the largest diamondiferous kimberlite deposits in Canada, and possibly the world.

This is where a bit of intrigue raises its head, and where would diamond exploration be without a bit of intrigue? Just down the road another Canadian listed company, Kensington Resources, is exploring a number of kimberlites in the Fort a la Corne project and one of its partners is the dreaded De Beers. Both companies are running neck-and-neck with their projects. At the moment Kensington is considered to be ahead as De Beers has come up with some grade forecasts based on drilling results, but Shore Gold could draw alongside with the information received from its bulk sampling. The point is that both companies have diamondiferous kimberlites which are in a mining-friendly province and close to all forms of infrastructure. The operating costs are thus vastly below those of its peers struggling away in the arctic wastes of Nunavut.

Shore Gold is an independent company and this puts De Beers in a bit of a quandary. The South African giant is privy to all the data at Fort a la Corne and in pole position to make a bid for Kensington Resources if it so chooses. The trouble is that it makes little sense to bid for Fort a la Corne without getting the Star kimberlite as well. But it would not make a blind bid, so how best can it get the vital information required before doing so? Well, Bernie Steinmetz is its biggest sightholder and his wife is said to play tennis with the wife of Gary Ralfe, the boss of De Beers. There is no suggestion that Steinmetz would let Ralfe into any Shore Gold secrets but, as many Canadian investors have suggested, it would be ridiculous to think that they might not discuss the company and its project. Small beer it might be to De Beers, but wrapping up the two main Saskatchewan diamond plays just when they are getting serious is a bigger game.

Jonathan Challis is very phlegmatic about it all. “We’ve now got a powerful partner with a wide range of expertise and one that may be able to help when funding is required in future. It would be an exaggeration to say that Share Gold is now in play, but our Star kimberlite project has certainly attracted attention in the right places. If a bid eventually materialises shareholders should be happy.”

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microdaytrader
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Shore Gold Could Soon Be In Play With Magma As A Partner.


At first sight it was quite an innocuous little announcement. A newly formed company called Magma Diamond Resources had decided, for reasons of its own, to invest C$1.875 million in Shore Gold - a company which, despite its name, is exploring for diamonds in Saskatchewan. The private placement consists of 2.5 million units at a price of C$0.75 per unit. Each unit consists of one common share and one share purchase warrant, exercisable at a price of C$1.10 for 18 months from the date of closing. Initially the holding is under 10 per cent and the eventual holding depends on how many other outstanding warrants are exercised.

Judged on this it hardly looks like a first step towards a bid especially as Brian Menell, the chairman of Magma, who is described as having 14 years of experience in the diamond marketing, mining and exploration industries, including eight years with the De Beers Group and three years as an executive director of Anglovaal Mining, is an old friend of Jonathan Challis, president of Shore Gold. It is not mentioned in the release, but they were involved together at Diamondworks in Angola prior to the horrifying raid on the Yetwene mine.

The other shareholders in Magma are Benny Steinmetz, who is an international investor with extensive investments in diamonds, natural resources, engineering and real estate. His company BSG Investments is not only the biggest shareholder in Magma, but also controls the Steinmetz Diamond group which is one of the world’s largest integrated diamond marketing and trading companies with offices in Antwerp, Tel Aviv, Mumbai, Johannesburg, New York and Chicago. And Bateman which is not only the world’s foremost provider of process and recovery expertise and equipment to the diamond mining industry, but also has extensive in-house capability in the preparation of diamond mining feasibility studies and project financing.

It is quite a team and Magma itself is a newly formed company whose sole purpose is equity and debt participation in diamond mining and exploration projects worldwide, and the adding of value to these projects through the provision of technical and
marketing expertise. The usual pleasantries are exchanged between the parties in the press release with Jonathan Challis expressing the hope that Magma’s expertise will help his company carry out its proposed 25,000 tonne bulk sample at the Star kimberlite which is becoming increasingly recognized as one of the largest diamondiferous kimberlite deposits in Canada, and possibly the world.

This is where a bit of intrigue raises its head, and where would diamond exploration be without a bit of intrigue? Just down the road another Canadian listed company, Kensington Resources, is exploring a number of kimberlites in the Fort a la Corne project and one of its partners is the dreaded De Beers. Both companies are running neck-and-neck with their projects. At the moment Kensington is considered to be ahead as De Beers has come up with some grade forecasts based on drilling results, but Shore Gold could draw alongside with the information received from its bulk sampling. The point is that both companies have diamondiferous kimberlites which are in a mining-friendly province and close to all forms of infrastructure. The operating costs are thus vastly below those of its peers struggling away in the arctic wastes of Nunavut.

Shore Gold is an independent company and this puts De Beers in a bit of a quandary. The South African giant is privy to all the data at Fort a la Corne and in pole position to make a bid for Kensington Resources if it so chooses. The trouble is that it makes little sense to bid for Fort a la Corne without getting the Star kimberlite as well. But it would not make a blind bid, so how best can it get the vital information required before doing so? Well, Bernie Steinmetz is its biggest sightholder and his wife is said to play tennis with the wife of Gary Ralfe, the boss of De Beers. There is no suggestion that Steinmetz would let Ralfe into any Shore Gold secrets but, as many Canadian investors have suggested, it would be ridiculous to think that they might not discuss the company and its project. Small beer it might be to De Beers, but wrapping up the two main Saskatchewan diamond plays just when they are getting serious is a bigger game.

Jonathan Challis is very phlegmatic about it all. “We’ve now got a powerful partner with a wide range of expertise and one that may be able to help when funding is required in future. It would be an exaggeration to say that Share Gold is now in play, but our Star kimberlite project has certainly attracted attention in the right places. If a bid eventually materialises shareholders should be happy.”

--------------------------------------------------------------------------------

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MacSusan
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Here is a good read. It is too much to post so check out the link. SGF hit $1.85 today and closed at $1.78

S.
http://www.kaiserbottomfish.com/s/Trackers.asp? ReportID=69666&_Title=Tracker-2003-25-Understanding-the-Star-bulk-sample-program

[This message has been edited by MacSusan (edited October 15, 2003).]


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microdaytrader
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quote:
Originally posted by MacSusan:
Here is a good read. It is too much to post so check out the link. SGF hit $1.85 today and closed at $1.78

S.
http://www.kaiserbottomfish.com/s/Trackers.asp? ReportID=69666&_Title=Tracker-2003-25-Understanding-the-Star-bulk-sample-program

[This message has been edited by MacSusan (edited October 15, 2003).]


AN INCREDIBLE POST THANKS FOR FINDING NOW WE CAN SEE HOW FAR CMKM + NSDM HAS TO GO.


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MacSusan
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This excerpt of the Kaiser report showed up on Stockwatch today. So, more exposure = more interest = more buyers = the laws of supply and demand and hopefully we will keep on heading up.

S.

Kaiser says Shore's price could get beached at $3

2003-10-16 16:49 ET - In the News

John Kaiser, writing in an Oct. 15 Bottom-Fish Tracker, says Shore Gold (then $1.53) has cleared the first major hurdle in its campaign to obtain a 25,000-tonne bulk sample from its 100-per-cent-owned Star diamond project at Fort a la Corne, Sask. Mr. Kaiser recommended Shore in May, 2002, at 80 cents. On Oct. 9 Shore reported that its shaft had reached the uppermost kimberlite horizon after passing through 89 metres of overburden and another 18 metres of shale. By the time the shaft reaches the target depth of 250 metres, about 5,000 tonnes of kimberlite will have been hauled up. The plant is expected to be ready for commissioning by mid-November and processing kimberlite by early December. Raw diamond recovery results for the initial 5,000 tonnes could be available in late January. The most one can hope for from the initial diamond parcel is several hundred carats, he says, which may disappoint some speculators, but not those who understand that the glamour results will not be due until mid-2004 after the rest of the sample has been processed. Mr. Kaiser expects Shore Gold's price to establish a new trading base in the $2-$3 range. Shore is now a "Spec Cycle Hold 100%."

[This message has been edited by MacSusan (edited October 16, 2003).]


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MacSusan
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Looks like SGF may be on the move again this week after a pullback last week. Up almost 10% with good volume and headed for resistance. Hope we break through.

S.


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