Spot on @asx_dude my thinking exactly. The options have great leverage (say if LOM find a Kimberlite) but time being our biggest enemy draws me back to the heads.
Again it's a punt, and in my case I'm happy to wait and see what happens, as the upside to LOM is still there - even with the options dilution.
If we look out long term, I also believe that the commercial uses for diamonds are exceptional especially in the medical devices/surgical tools space, but that's another story - and yes probably another 10 years away ! The question is what other pure diamond producer plays are out there with little to no risk ?
LOM Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
