Kimberlite Licence, page-48

Hi Pete

1% x 1% = 1/10000 not 1/1000

Anyway not sure what that's based on, not drilling in your backyard presumably.
Probably based on the number of attempts by diamond explorers divided by successes.

However, Lucapa's bit of dirt is no ordinary prospective bit of dirt, it has knocked the odds for six. We are finding huge rare gems in the alluvials, on our turf, heaps of them, and they have to have come from a source close by. these gems are the best, top shelf, and these alluvial finds alone have the potential to make Lucapa many millions of $$$. Mostly being sunk back into the exploration.

So we have a double whammy going for us here, the virtually guaranteed alluvial finds, and we are about to crank up the processing, plus the kimbo hunt. The kimbo hunt is the difficult part, but we sure are damned determined to find it, funded mainly from the alluvials and if we do find it (or them) the SP will be a ten bagger.

Meanwhile we are currently doing it tough with the SP which is being inexplicably slaughtered. Been a few theories on that one.

Time we had a bit of relief from our downward SP but that comes with the territory.

Good luck Pete.