Topic: How To Invest

Pat, I have a stock that I am questioning whether I should sell: Arctic Star Exploration. Thanks!

Article Excerpt

Arctic Star Exploration, $0.12, symbol ADD on Toronto (Shares outstanding: 61.0 million; Market cap: $7.9 million; www.arcticstar.ca), owns the Redemption project in the Northwest Territories’ Lac de Gras diamond field. Redemption is near two world-class diamond mines: Diavik (47 kilometres away) and Ekati (32). It has what Arctic Star sees as strong diamond indicator mineral chemistry. Prospector Chuck Fipke’s theories about indicator minerals led to the discovery of Ekati, Canada’s first economically viable diamond-bearing kimberlite deposit, in 1991. Over the last 1.5 million years or so, a series of glacial ice sheets has eroded the surface of Canada and Greenland. As part of that erosion, the glaciers scraped the surface of kimberlite pipes, which may contain diamonds, and dispersed indicator minerals from the pipes over hundreds, or even thousands, of kilometres. Kimberlites are cone-shaped pipes comprised of magma (molten rock) and rock that volcanic activity carries to the surface from depths greater than 150 kilometers. Diamonds form at those depths, under…