LOM 0.00% 6.7¢ lucapa diamond company limited

21st to 25th of july, page-30

  1. 10,494 Posts.
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    I do not see why having the drill rig on site is so important because the kimberlite ore at lulo is soft and I would expect that the ore would just break up with a wide bore drill.
    Not only is drilling expensive,but considering RVK had already been intersected it appears that bulk sampling and continuing at depth once diamonds are recovered is the correct way to go about proving up the pipes as being commercial or not.
    I would think the company is doing things this way because they believe the diamonds are there so why is there a need to drill when we can just start digging the pits now and save money doing so.
    I would rather they start the open pits now rather than waist money and time drilling when a few trucks can get more done and in a much faster time.
    Management are a lot smarter than any grumpy shareholder may be and I just love the fact that they are not using up shareholders money on pointless drilling until there is a need for the drill rig.
 
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