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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a mediocre 72-80-158 as the TSX Venture Exchange rose eight points to 942. Nicole Brewster's Renforth Resources Inc. (RFR) scored a double on Friday, adding one cent to close at two cents on 676,000 shares on word of a maiden resource estimate for Victoria, in the Malartic district of Quebec.

The company credits Victoria with 125 million tonnes inferred at 0.12 per cent nickel. There are also 0.02 per cent copper, 0.01 per cent cobalt, 0.08 per cent zinc and 0.38 gram of silver per tonne -- a metals medley that nudges the equivalent nickel content to about 0.15 per cent. As Renforth cheers it, Victoria hosts 413 million pounds of nickel equivalent at a cut-off of $14.60 (U.S.) per tonne, but with a long-term nickel price of $8 (U.S.) per pound, that works out to just $26 (U.S.) per tonne.

The pit-constrained resource resides within a shell 200 metres deep and 2,500 metres long, with a stripping ratio of 1:1, but Renforth has in mind a starter plan that would take advantage of near-surface ore in two small areas, hosting a combined 16.4 million tonnes at 0.17 per cent nickel equivalent -- a 63-million-pound sliver of the ballyhooed resource.

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