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4.0¢ lucapa diamond company limited

Ann: Kimberlite Drilling Targets Defined at High Priority L259, page-87

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enoggera

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17/03/16

10:53

Post #: 17297561
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Originally posted by Harm ↑

I tend to agree with 1s1 - There seems to be this constant notion to trains leaving stations and what not, which is simply not the case. Diamond exploration and confirmation of resource takes an incredibly long time.

That's where the business environment is conducive and streamlined.

Confirmation in this instance will be a long, painstaking process and one which appears to be lost on these boards, it is a not an instance of drilling and looking at the core yelling Eureka!

An economic resource will require considerable drilling/bulk sampling and interpretation, all of which I'd suggest would take 9-12 months at best, but add on the Angolan lag and it will be more like 12-18 months.

That will require further capital, hence why the option issue appears staggered to provide capital in the absence of any form of any other income to Lucapa.

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Your constant reference to "no other income " is getting a bit tedious . Why persist with untruths?

LOM Price at posting: 42.5¢ Sentiment: Hold Disclosure: Held
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