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19/06/16

17:18

Post #: 18068060
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Originally posted by Timmyk ↑

A prelude to a kiss.
The alluvials have been a welcome sideshow and useful source of funds for exploration, but we are now at the dawn of the main game.
People complain (mostly one) that good revenues from alluvials haven't moved the share price in any meaningful way.
As pointed out (usually by the other one), these aren't and probably won't be the stimulus we need to see money coming back to us.
So here we are, about to embark on a drilling campaign that if successful will provide true wealth.
Yes the mine might take years to develop, but in terms of the share price, it really won't matter.
The reason a "hang on to your hats" comment has more effect than one big alluvial diamond, is because it hints, not even subtly, that a hard rock mine is where the fortunes lay.
It doesn't need to be in production to see strong price growth, look at SYR. Last quarter they went backwards $20m, and have also had yet another cash raise. Does it matter to the SP? Nope. Not one bit. Their price rise has been meteoric on no sales, just off takes.
We don't need off takes, because quality diamonds sell and sell well.
And as we start getting drilling reports, beginning with "drilling has commenced" things will start to get moving and I think in a hurry.

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I am still very bullish on the Alluvial's ... upside big time.....

add the increased resource from BLK8 and E46 to the JORC and complete the resource size .................

The XRT and deep boiling unit will support the above value increase statement .. resource size, increase in grade, and increase in realised value will all exponentially increase just a matter of time ...

LOM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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