Nickel find for DDN

Article Excerpt

DIAMONDS NORTH RESOURCES $0.17 (Toronto symbol DDN; TSINetwork Rating: Start-up) (1-866-802-2010; www.diamondsnorthresources.com; Shares outstanding: 86.9 million; Market cap: $14.8 million; No dividends paid) has identified 22 areas on its Amaruk property in Nunavut that could contain nickel. Its partner, Minerals and Metals Group, plans to spend $1.65 million to explore the property in 2011. Minerals and Metals is earning a 75% interest in nickel and other base metals on the Amaruk property by spending a total of $6 million and completing a prefeasibility study. It spent $2.35 million on the property in 2010. Diamonds North Resources is still a buy, but for highly aggressive investors only. only…