Lucapa finds 104 carat diamond, D quality LOM announced the recovery of a 104 carat D-colour diamond last week, making it the fifth +100 carat diamond recovered from its Lulo alluvial project in Angola. This comes fast and hard after the recovery of a 38 carat fancy pink diamond. Each of this diamonds will be worth millions of dollars, adding sweetness to the bottom line. With a market capitalisation of $124m, LOM has the potential to move into the range of $500-$1,000m, as more news on the hard rock source of these diamonds comes to market.
Warwick Grigor suggests a hard rock source. Perhaps you are right and its Alluvial. Maybe do some spell checking research before you post. especially if you are going to condescend in your comments.
regards Contra
AFR Stock Watch - Lucapa Diamond, page-39
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