LOM - volume back, fasten your seatbelts, page-11

from Panmure's report;
“Our target price of 39c a share incorporates our longer-term diamond price assumptions, foreign exchange forecasts, the full dilution arising from options outstanding and our highly conservative approach to the valuation of alluvial diamond projects,” Hodgson says.
“We see at least 30 per cent upside to our Lulo base case of A$98.8 million if we assume management’s base production profile, an average resource grade in line with the resource statement and an average production value of US$2000 a carat, thus producing a A$130 million, or A47c a share, value.
“At this time, we ascribe no value for the kimberlite exploration program but should the upcoming drilling program prove successful, the investment opportunity would be significant''

hex 39c is good but as above no doubt A47C a share is better

glt lommers