Message #1 From:
NewsBot Date: September 7, 2006 06:27:00 AM
DMDD News Diamond Discoveries International Initiated With 'Speculative/3' Rating By Investrend Analyst David Shen, CFA
NEW YORK--(BUSINESS WIRE)--Sept. 7, 2006--(Investrend Research Syndicate) Diamond Discoveries International Corp. (OTCBB: DMDD) Benchmark research coverage has been initiated with a "Speculative/3" rating in a report by Investrend analyst David Shen, CFA, citing its capital appreciation potential associated with its diamond exploration activities in Quebec.
The analyst also stated:
"Diamond Discoveries International , controls certain mineral permits in the Torngat Mountains Peninsula, north-eastern Quebec, and is jointly exploring Tres-Or's Nortre Dame du Nord properties in the Timiskaming region of northwestern Quebec. Diamond Discoveries' property is in a geological terrain which has only recently been regarded as prospective for diamond exploration. The Company plans to continue a drill program on Notre Dame Du Nord properties where three known kimberlite pipes has been identified.
"As diamond prices rise, diamond mine economics are shifting to benefit more marginal resources. New diamond projects under development in Canada , are comparatively modest projects that have the confidence of their operators because of the robust future expected for the diamond business. More of these types of deposit will be found, and Canada is entering the era of smaller scale diamond mining with entry opportunities for the junior or mid-cap diamond producer.
"Our positive view of Diamond Discoveries is enhanced by the successful track record of the Company's geologist, who was accredited with assisting in the discovery of numerous mineral deposits in Canada."
Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
Diamond Discoveries is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Benchmark coverage are $26,800, and the fees are being paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
