Andy Hecht - Diamcor Mining, A Diamond in the Rough

Joining us for a conversation is Andy Hecht a world renown commodity stock analyst. Today we will discuss what could be one of the most overlooked value propositions in the Natural Resource Space; Diamonds! We will begin our discussion with some diamond basics and then explore some of the macro supply and demand fundamentals that could become catalysts for driving the prices of diamonds higher. Then we will explore the value proposition of a junior mining company, the is in production, with a market cap below $21M CAD.

Company Highlights:
• Production focused with a proven history of supplying quality diamonds to the world market
• Strategic Alliance with world famous Tiffany & Co.
• Adjacent to DeBeers Venetia Mine – 5th largest mine in the world
• Revenue growing quarter over quarter – ~50% gross margin, cash flow positive growing quarter over quarter
• The Company’s last sale of rough diamonds yielded an average price greater than ~$266/carat more than 2x the world average
• ~$100M in development, 3x the current market cap - Significant infrastructure in place, 30-year mining right
• A high % of gem quality with history of recovering large gemstones which have exponentially value as their size increases. The company recently recovered a 59.4 carat and a 43 carat with many other large diamonds in the Specials category
• Diamond resources on approximately 90% of Project area yet to be defined - Significant growth potential

Diamcor Mining: (TSX.V: DMI | OTCQB: DMIFF)
Website: https://www.diamcormining.com/
Contact:
Mr. Rich Matthews
[email protected]
+1 (604) 757-7179

Diamcor Mining Inc. is a fully reporting publically traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established prior operational and production history in South Africa, extensive prior experience supplying rough diamonds to the world market, and has established a long-term strategic alliance with world famous Tiffany & Co. Rather than exposing itself to the high risks and costs associated with traditional exploration, the Company’s focus is on the identification, acquisition, and operation of unique diamond projects with near-term production potential such as the Krone-Endora at Venetia Project.

The Krone-Endora at Venetia project was acquired from De Beers and is co-located directly adjacent to the De Beers Venetia Diamond Mine in the Limpopo province of the Republic of South Africa, approximately 500 km north-northeast of Johannesburg. The Venetia mine is the 3rd largest diamond mine in the world, and South Africa's largest producer of diamonds, accounting for over 50% of South Africa's annual output. A high percentage of the diamonds produced at Venetia are reported as being gem quality, with the rest sold for industrial uses. Given the Krone-Endora projects location directly adjacent to the established Venetia mine, many operational benefits are obvious. In addition to this, both the previous exploration and the NI43-101 report concluded that the deposit on Krone-Endora at Venetia was not only an alluvial deposit, but also a rare eluvial deposit indicating a direct shift of material from the higher grounds of the Venetia Kimberlite clusters onto the lower surrounding areas of Krone-Endora. Given the eluvial nature of the deposit and its location directly adjacent to the source, the diamondiferous gravels at Krone-Endora at Venetia appear much more consistent in nature with initial grades from drilling and bulk testing much higher than that of typical alluvial type deposits.

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