LOM (ASX) Ann: Diamond Production Continues Ahead of Plan at Lulo-LOM.AX

Originally posted by delboy007 ↑

Has this tiny Aussie diamond explorer just discovered…
‘The Next Catoca’?
UPDATE: Three recent announcements signal this ASX-listed explorer could be just weeks away from the world’s first major,
commercial diamond mine discovery in 12 years.
Back them now BEFORE they find it and you could be 10 times richer by September 2017
Dear Reader,
We don’t have much time…
You’re looking at a tiny Aussie diamond explorer on the verge of cracking open a history-making discovery…
The likes of which you probably won’t see again for years.
If this once-in-a-decade diamond deposit is as big as I think, shares in this company could soon see a major share price uplift.
Which is why I’ve issued this time-sensitive investment alert for your immediate attention.
The time to act on this is NOW, before it’s too late.
I want you to squeeze every last bit of potential profit from this opportunity while you can.
So what’s this all about?
Let me show you…
Deep in the heart of Angolan ‘diamond country’ lies Catoca.
Covering 64 hectares, it’s the biggest diamond mine in Angolan history, and the fourth largest on the world stage.
The Russian owner of the mine, Alrosa, estimates it holds reserves of 189 million carats.
That’s the equivalent of $11 billion on the open market…and enough to satisfy global diamond demand for a whole year.
Right now, it’s the biggest, richest diamond mine in Angolan history…
But I think it’s about to be overtaken by the firm I want to tell you about today.
You see, this fast-moving Aussie explorer could be just weeks away from ripping the lid off Angola’s next record-breaking diamond deposit.
In fact, this deposit could be so vast, deep and rich,
it will make Catoca look small by comparison.
Act on this opportunity quickly and I believe you could make a lot of money in the months ahead.
Three recent announcements have given them a huge clue on the exact location of the diamond ‘treasure chest’
As you’ll see, they’re so close…they’re practically on top of it.
One of the world’s foremost experts on diamond geology says this deposit could be as little as ‘500 meters’ from where this firm is digging right now.
The chances of hitting a major diamond vein are high. If they find it, the potential gains on the table could be huge.
Let me briefly lay on the table exactly what you’re looking at here:
• The deposit this firm is chasing could hold high-quality diamond reserves greater than Catoca…upwards of 189 million carats!
• That means you’re possibly looking at a diamond deposit north of $10 BILLION on the open market…
• Yet this tiny firm is valued at just $100 million today...
Right now, you can pick up shares for just 40 cents each.
But if this diamond pit is as vast and rich as I suspect,
investors could be greedily snapping up the same shares for anywhere between $2.50 and $4.00 by this time next year.
That’s right...you could be looking at gains of between 525% and 1,000% from one stock.
The time to secure your stake in this fast-moving Aussie firm is now,
BEFORE they find it. A second drill rig is about to touchdown on site.
This company knows they’re onto something BIG and they’re about to ‘double-down’ on drilling efforts.
I won’t be surprised if they find a commercial-sized diamond vein within the next few months....maybe even weeks.
Look, I doubt you’ll see another opportunity like this for a decade or longer.
That’s why now is the time to act. I mean that. Rio Tinto discovered the last major diamond deposit in 2004.
And the largest before that was the Canadian mine ‘Gahcho Kué’ in 1995.
That shows you how ultra-rare large diamond deposits are.
But if you act decisively and buy a meaningful stake in the right diamond-focused exploration company...
The rewards could be enormous.
• Peregrine Diamonds Ltd [TSEGD] shares have doubled since February…
• Shares in Russian owned Alrosa [MCX:ALRS], owner of the world's largest diamond mine, Jubilee, have tripled since 2011.
• And another pure-play diamond hunter, Lucara [TSE:LUC], is up 770% since 2012.
Commercial diamond deposits are rare and extremely valuable.
So companies that find one are practically guaranteed huge share price uplifts.
That’s why this Aussie explorer could make you 525% to 1,000% as soon as they find it.
By the way, I’m not talking about small and steady gains here.
I believe you could see your money multiply seven, eight, even 10 times over in a matter of weeks….even OVERNIGHT.
If the thought of sudden shifts in your wealth leave you short of breath, you might want to sit this one out.
On the other hand, if you revel in the thrill of risking a little money and watching it rapidly transform into a lot more...a whole lot more…then read on... You could make some SERIOUS money on this if you act quickly
Three hours north of Catoca lies a 3,000 square kilometre patch of sun-scorched Angolan land with eerily similar geological characteristics.
This land is already proven to be rich with diamonds...and this tiny digger holds rights to the LOT
. In February, the company uncovered a monster 404-carat diamond.
This giant ‘sparkler’ is the biggest diamond in Angolan history...and the 27th largest diamond in the world.
The company recently sold this diamond at auction for $22.5 million.
Every cent of that money was poured back into the business. $22.5 million is a big win for the company…
but it’s the size and shape of this 404-carat gem that has serious,
in-the-know investors jumping up and down.
You see, the sheer size of this rock is a huge clue they’re closing in on the REAL prize...
the kimberlite or ‘source’ diamond mine. Smaller diamonds can be washed away…
sometimes hundreds of kilometres from the source mine.
Large diamonds like this mean only one thing: a massive treasure chest full of diamonds is nearby.
It’s a big clue to where the main deposit could be. But the story gets even better.
You see, a recent market update has revealed more positive evidence this firm is closing in on a concentrated primary diamond source… FOUND: The biggest diamond discovery of the 21st century In August,
the firm announced drilling had started near where the 404-carat diamond was found.
A 3D geophysical survey of the area (as seen to the right) shows ‘a 78-108 hectare body which is consistent with the weathered near-surface expression of a kimberlite…’
If this is indeed a ‘kimberlite’ or main diamond vein…it could be HUGE.
‘108 hectares’ is near twice the size of the 64-hectare Catoca mine.
Of course, that’s assuming the entire potential ‘kimberlite expression’ is packed with diamonds.
But the signs are looking good…REALLY good.
The August announcement also revealed the company had picked up 59 large (10 carats and above),
special diamonds on this site during July.
That’s the largest amount of big diamonds the company has ever picked up in a single month…
and more than the 53 they recovered in the entire previous six months!
On average, they’re finding two huge gems every single day. I’m trying not to get ahead of myself.
But, with drilling ramping up, a major near term kimberlite discovery is pretty much staring us straight in the face.
Indeed, this information is telling me…
This Aussie diamond hunter could be metres away from the biggest diamond discovery of the 21st century!
I’m not the only one who thinks so... Dr John Ward, a highly sought-after diamond exploration consultant,
having worked many years for diamond companies like De Beers and Gem Diamonds, weighed in on the companies findings.
Here’s what he had to say about the firm’s diamond pit:
‘…it is highly likely that the excavation locality is less than 1.5km from the primary source (probably closer to 0.5km).
’ In other words, Ward believes a viable diamond mine could be less than 500m away!
Will they find it? There are no guarantees.
But if they DO find it, and this play pans out as I expect,
you could see a small sum of money like $500 turn into $5,000 or more. Instantly.
Which is why you have to act quickly on this one, while shares are still dirt-cheap.
Look, there’s a chance they may find nothing at all.
But if it is successful, and this company hits the diamond mother lode...
its stock price could see a major uplift. Put a little money on the line today,
and you could see that cash multiply rapidly.

Must get meself some of these
anybody know who's he talking about ?

glt lommers

Expand

Fair ramp alright.

Exploration milestones in my view are simple.

1) Determine the kimberlite pipe is there (it seems fairly obvious to me, from all available facts, that it is)

2) Determine through bulk sampling and/or drilling if the pipe is diamondiferous and locate the positions of the various facies of the pipe.

3) Determine through bulk sampling that the high quality diamonds actually come from the pipe.

4) And this is the one I still don't have an answer for. Drill the pipe to determine its geometry, grade????, and the various kimberlitic facies that form the pipe.

In my last post I'd calculated that if the Lucapa pipe had the same grade as the richest part of the pipe at Letseng (2.07 carats per 100 tonnes) you would need approximately 4,000 metres of PQ (85mm) diamond core before you might expect to recover one average stone of 1.6 carats (which is LOM's block 8 average).

Even at the block 8 average grade (for August) of 12.8 carats per 100 tonnes you would still need to drill 625 metres of PQ diamond core before you'd expect to recover one diamond of 1.6 carats.

Where are the diamond experts out there who can answer my question. How are the reserve/resource and grade estimates measured (determined) at Letseng to allow commercial mining to be conducted?

Eshmun