Valuating LOM on foretasted producted 40,000 bcm, page-16

Fantastic, thank you.

This is what a coherent discussion looks like.

For me, as I relayed yesterday - the sticking point and brake on the SP is an inability, thus far, by Lucapa to demonstrate funds will be repatriated back to the Australian Entity.

When/if this occurs I'd be surprised if the SP didn't accelerate quickly.

The absence of a consistent income stream limits the markets appetite to purchase on market with the fear of future dilution driving this reluctance.

Exploration is not cheap and requires substantial capital - the market knows this, Lucapa has spent upward of 50 million on this element thus far, further exploration and validation with respect to the Kimberlite targets demands large sums of capital - this will need to come from somewhere.