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4.2¢ lucapa diamond company limited

Ann: AGM Presentation - Fast Growing Diamond Miner & Explorer-LOM.AX, page-189

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Timmyk

2,242 Posts.

368

06/06/16

22:28

Post #: 17966979
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Originally posted by 1sharetrader1 ↑

When mining at block 8 started last dry season we had a diamond recovery update about a week latter,so if mining has started at block 8 about a week ago then going by last time there should be a announcement soon.
IM convinced that at least one diamond worth a million or more will be recovered a week at block 8 so there should be a weekly or fortnightly update.
I think only about a month of mining was done at block 8 last time.
The plan this dry season will be to strip and stockpile as much ground from block 8 as possible before the wet season while still processing gravels from that location.
IM expecting with a good dewatering plan in place that block 6 will be mined through part of the wet season then they should process the block 8 stockpile.

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I know there's always talk of stockpiling, but with a DMS capable of 150tph, I would think the problem would be in feeding it fast enough, what with the stripping, feeding then repatriating.

If the DMS went down again it would make perfect sense, but in the absence of its break down, I couldn't imagine it not keeping up and us not wanting to feed it block 8 goodness as quickly as we could.

Feel free to correct me if I'm wrong

LOM Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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