Food for thought., page-26

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Hexham

308 Posts.

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16/02/16

14:47

Post #: 17032546
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Originally posted by boner112 ↑

Good point , steal from peter to pay paul sorta deal . Lol . At least now lucapa have such great news just waiting to hit the market , momentum should be mostly sustainable

* where as other runs ran outa puff or perceived as hype or enthusiastic rhetoric -- " ... onto hats " . Any-day- now announcements are quite substantial in their own right - alone . Together they could be an unstoppable avalanche of good news
The list is well known by now so wont rattle it off again tho tempting it is , cos it so good !!!

Just two i shall mention , the results from L259 - this will be HUGE, no other way to put it . Has the potential to shake up the whole sector, at least in australia . All indications so far are leading to that . Even the ear2ear grins on lucapas chairmans faces and co can attest to that .
For the unitiated here that have started to tune in
L259 is the kimbolite pipe believed to be shedding the prolifically large diamonds of late , four of which are 100+ carats m. Including the 404 ct . ( 3 of which are not your scrappy run of the mill diamonds . They belong to the top 2% Of all recoveries . Type 2a colour D . )

Now lets compare L259 to the fourth largest diamond mine on earth . Catoca ( Alrosa run) Which sits on the same lucratively diamondiferous Geological feature " lucapa graben " as L259 . Early days for a true comparison yes but one can see the potential if ept at joining the dots .

Catoca is approx 60- 65 hectares . Average carrat price is approx $70- last checked. it is however a huge producer with millions of carrats per year . ( fully fledged open pit mine )

L259 is already twice as big @110 hct. And growing as the southern boundary is fully mapped out . Average carrat price stands between Approx $2000 -$2340 .

A type 2a diamond pipe like this is extremely rare . And mineralogy and other strong geological indicators including the record breaking " 404 " all point to that being the case .

2nd point of huge news to follow is the highly anticipated gazzetting . This will derisk the company substantially . Which should see a markedly huge rush from trading houses and funds just waiting for this news to become official . Given the the fuss the Angolan government made over this latest 404 gem and subsequent announcements bringing them huge public attention , insiders suggest this is a mere formality .

Wheres theres smoke - theres generally fire . And ive already got the marshmellos and booked a front row seat . And yes i am a holder to be clear . So Dyor .

Expand

Your 'ear2ear' "grins on lucapas chairmans faces" just struck a chord.

If you (in error like I did) hit shift-key when entering 404 it kind of reminds you of Mile's eyes last September as he made the hat statement.

Go on, try it!

Big squeeze on at the moment wiping 40c .. big boys at play. They're not getting mine. Sorry lads.

Last edited by Hexham: 16/02/16

LOM Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $12.47M

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