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http://www.*.co.uk/columns/the-comm...s-crg-dcp-fdi-gem-gemd-gfm-lom-pdl-24769.html

Commodities Week in a Minute: Quarterly Carat X plus CRG, DCP, FDI, GEM, GEMD, GFM, LOM, & PDL

Lucapa Diamond Co, ASX:LOM, Buy (PT: 39c)*
“We believe Lucapa offers investors something unique when considering incremental diamond exposure. Lucapa is primarily a kimberlite exploration company but with a twist. Its cash generative, high-value, large stone alluvial production from its Lulo Diamond Project reduces the need for dilutive equity issuances and allows investors to benefit from the valuation uplift that comes with the recovery of exceptional diamonds such as the 404.2 Type IIa diamond sold for $16m. We believe Lucapa offers numerous catalysts for a re-rating and initiate coverage with a Buy recommendation and 39c target price”.