LOM 0.00% 4.0¢ lucapa diamond company limited

probably just another crop circle...then agan?, page-28

  1. 13,192 Posts.
    lightbulb Created with Sketch. 2697
    I don't think we can conclude that LOM has been looking in the wrong place. The geo is experienced, highly qualified and has +4 years of local knowledge on the ground there at Lulo.

    There's no guarantee, but I'm confident that at worse, 5% of the priority targets will yield economic pipes. That's equivalent to 1 in 20, so by the time they have tested 20 targets, the probability of a big hit should be well in our favour. Counting down from our first 20, we're currently at 16. I'm sure that Miles and Coy would be thinking along similar lines - well I hope so!
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.