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Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling...

Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike.
Comments (6)
  • Paulo Santos
    , contributor
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    One wonders, is it not cheaper to make those diamonds in an industrial facility instead of mining them?
    27 Aug 2012, 11:27 AM Reply Like
  • johnybutts
    , contributor
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    Ummm... broseph.... They aren't drilling for diamonds. "SILVER"corp "METALS". Diamonds are neither silver nor metal. They are using a diamond drill bit to drill exploratory cores for silver. And of course the diamonds used for the bit are manufactured in an industrial facility like you suggest.

     

    Thanks for playing.
    27 Aug 2012, 11:38 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17882) | Send Message
     
    Ah, yes, I don't have a horse here and indeed I read it wrong, it's with all this reading on basic materials, they got diamond mines too.

     

    The question remains, why is anyone digging for them anyway? Aren't they cheaper to make?

     

    Maybe one should explore this angle in an article - though it probably would be hard to get cost data.
    27 Aug 2012, 11:42 AM Reply Like
  • johnybutts
    , contributor
    Comments (62) | Send Message
     
    I'm no expert in the field, but I would venture a guess that almost any industrial use for diamonds are industrially manufactured (cheaply).

     

    I would imagine that certain crystaline structures and size are more difficult/expensive to manufacture than others. Maybe these are more suited to jewelry, etc.
    27 Aug 2012, 11:50 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17882) | Send Message
     
    I've been seeing articles where they are actually looking at impurities to define natural diamonds ... eheh.
    27 Aug 2012, 11:51 AM Reply Like
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    Something like 80% of all diamonds mined end up in industry and are just the byproduct of looking for the jewelry ones.
    27 Aug 2012, 03:06 PM Reply Like
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