THE STOCKMARKET BOOM of the past three years that ended abruptly a few months ago failed to produce one new diamond IPO and the share prices of diamond explorers languished in the basement at a time when silly prices were being paid for new uranium, iron ore, zinc and lead foundlings. One diamond seeker, Flinders Diamonds, got a dramatic re-rating when its Pilbara Craton diamond properties were reassessed for their significant iron ore potential. So it was renamed Flinders Mines Ltd, though chief executive Kevin Wills is still an avid diamond seeker.
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