Expected Positive News Flow, page-125

Bungy, Eshmun, good coverage today. Both have very valid points.

Bungy; agree, I do not see CAPEX as any bar to development and believe that once a Kimberlite licence has been issued that a staged mining process may be commenced.

What I do consider of high significance though is the market itself as indicated by Eshmun and acknowledged. ...If it's not ready to absorb supply it simply won't happen IMO.

Last thing the world needs at present is more sub-special rock coming out. As covered earlier, Angola has already initiated discussions with suppliers just to furnish ground level supply from Luachi. If a mere 8m carats requires a 5yr negotiation lead-time, envisage the flow-on effect of an economic 112Ha sized pipe at Lulo.

Not all doom and gloom though! If 259 is a large rock (special) deposit as the evidence suggests then the market will come to us, and IMO will support initial development within the near term.

In the interim Block 6 & 8 alluvial/eluvial will keep the game more than interesting.

IMO ecat88 nailed it with regards to Block 6. Just watch and wait....

(It might just be Lucapa itself that hits the go slow button on 259).

Nice to have options really!