Last week we asked CMJ readers to weigh in on whether or not they think recent money troubles in the Canadian diamond industry will scare away investors. One reader said, “Investors should always be wary. Wheels sometimes fall off bandwagons.”
The longer version of that comment came from another reader: “Each potential mine project must be considered on its own merits. The few marginal operations that should or should not have been built must not taint the ones that have true merit. De Beers is a private company that was not held to account in the same manner as a public company would have. The decision to construct Snap [Lake] was made outside of what would be considered industry practices and good judgment. In the end, both companies (Tahera and De Beers) are reaping their own rewards. I feel for the shareholders of the junior mining company who have been taken down a path that could have been so much different.”
There is still time to make your opinion count. To vote or view this poll online, Click Here.