Topic: Growth Stocks

Tahera Calls on Teck

TAHERA DIAMOND CORP. $0.88 (Toronto symbol TAH; SI Rating: Speculative) (1-877- 777-2004; www.tahera.com; Shares outstanding: 209.8 million; Market cap: $184.6 million) has sold 22.5 million units at $1.00 per unit to raise $22.5 million. Each unit is made up of one Tahera share, and one-half of a share purchase warrant. Each whole warrant is exercisable at $1.00 over the next two years.

Tahera completed its Jericho mine in Nunavut last year at a cost of $116 million, but production suffered due to operating difficulties and the early melting of the ice road last winter. The road is holding up this year, however, and the company expects to meet its target of shipping 520 loads of fuel, explosives and other supplies.

Tahera is also using its technical support agreement with Teck Cominco, which owns 16% of Tahera, to utilize Teck’s mining expertise and boost output. Tiffany & Co. purchases and markets all of the diamond production from Jericho.

Tahera is a buy for aggressive investors.

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