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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was an upbeat 95-68-147 as the TSX Venture Exchange jumped 14 points to 650. Anthony Huston's Graphite One Inc. (GPH) lost two cents to 96 cents on 54,000 shares. The company has a bankable feasibility study for its Graphite Creek mining project north of Nome in northwestern Alaska, and its anode active material secondary treatment plant (STP), planned for Ohio. The energetic plan carries a capital cost of $1.13-billion (U.S.) for the mine and another $3.92-billion (U.S.) for the Ohio facility -- an eye-popping $5.05-billion (U.S.) in all.

First the mine: The study proposes a 10,000-tonne-per-day operation that would run for 20 years based on a reserve of 71.2 million tonnes grading 5.2 per cent graphite. (The 3.72 million tonnes of contained graphite in that reserve are but a sliver of the nearly 16.4 million tonnes present in a largely inferred resource, so mine closure could be generations down the road.)

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