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Good morning everyone.

The new diamond I'm unearthing is DOLV - Dolat Ventures

Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Dolat's Millennium Mining is located in the Sewa River, located in the heart of Sierra Leone, West Africa formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports. The company intends to wholesale its rough and uncut diamonds globally.

www.dove-diamonds.com

Everyone in the financial media is always talking about gold, but there is an overlooked precious stone that is a highly regarded investment by the wealthy, and that is diamonds.

DOLV is in the heart of Sierra Leone, regarded by many as the World's #1 Diamond Mining location.

According to the Gemological Institute of America, demand for colored diamonds has been unprecedented and The Rough Diamond Index has outperformed The Gold Index over the past 63 years, and the forecast for the next 5-8 years is even stronger for Rough Diamond Growth.

DOLV is a diamond development company focused on West Africa, and they've just recently announced plans to initiate resource expansion drilling of their diamond project in Sierra Leone.

Dolat Ventures Current Objectives:

• Doubling the existing carat inferred diamond resource
• Achieve 1,000m of drilling to be undertaken with multiple holes planned
• Appoint Mining Africa as independent technical consultants to compile an updated resource statement

But hold the phone!

DOLV came out with Enormous News AFTER yesterday's close.  Take a look:

http://money.msn.com/business-news/article.aspx?feed=MW&date 120725&id374554

DOLV just announced their plan to channel initial resources into the Sewa River Project in Sierra Leone THIS AUGUST!

August is just a few days away.  I think this news of being on the edge of something big could get traders completely electrified.  This could REEEEALLY heat things up, so keep your eyes peeled.

The CEO of DOLV has said "We are firmly focused on significantly expanding the resource at the Baimbawai Pool on the Sewa River, which has shown exciting potential to date. This drilling and evaluation program is intended to double Dolat's existing inferred diamond carat resources."

Before we go on, let me just quickly tell you about how DOLV loves to move....

DOLV's share price has doubled and even TRIPLED in a single day.  It has even QUADRUPLED!  Wait, it has even QUINTUPLED (x5)!

.05 to .21 - May 21st

.03 to .15 - May 10th

.05 to .17 - May 18th 

.07 to .21 - May 23rd

200% gain!

240% gain!

320% gain!

400% gain!

That's just the trading action within one month, clearly DOLV likes to shoot for the stars.

Anyway, back to the company itself...

DOLV also intends to embark upon a pre-feasibility study in order to better define the economics of the resource, prior to the onset of trial mining. At current grades and diamond values, the Baimbawai Pool on the Sewa River potentially maybe one of the highest known value per ton kimberlites globally. DOLV intends to be drilling and upgrading the resource statement during the fourth quarter of this year and will update shareholders as it progresses.

Dove Diamonds & Mining has chosen to explore and mine the Baimbawai Pool in the Sewa River in Sierra Leone based on its past output as its produced high quality diamonds and gems for the long term. Sierra Leone has been a major diamond producer for 70 years and Dove Diamonds & Mining intends to be one of the leading full scale industrial Diamond Mining firms in Sierra Leone. Alluvial diamonds were first discovered in Bo District in 1930 and Dove Diamonds & Mining is already producing quality diamonds and gems for international markets.

According to their website, with excellent government relations, and local partners and a long history working within Sierra Leone, the principals of Dove Diamonds & Mining have an established track record and the right relationships in Sierra Leone.   Right relationships in Sierra Leone?  I wonder what that means.  Maybe they greased the right palms.  ;)

Take a look at this news:

http://finance.yahoo.com/news/dolat-ventures-inc-announces-sierra-202200798.html

The fastest Sub Saharan African growing economy will be Sierra Leone, projected to grow by 35.9% according to the yearly IMF World Economic Outlook Report published in April 2012.

Exports from African Minerals' Tonkolili and London Mining Plc (LOND)'s Marampa mines are set to boost Sierra Leone's economy by 51 percent this year, the fastest projected pace of any nation in the world, according to the International Monetary Fund.

This is another company that's in the right place, at the right time.

Sounds fantastic, but of course all of my alerts are volatile and risky.

DPS - Darth Trader

www.dailypennystocks.com

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