Looks like Lulo revenue is tracking to hit the $60-$80M again. Q1 ($9.4M), plus Q2 tender ($10.5M) and this one makes $31.3M that we know about, should know the Q2 ROM in the next quarterly. Adding Q3 and Q4 ROM with hopefully another $10-20M in specials should get us there.
Pity we only see 40% of any distributions now.
Still curious to see how we end up paying for our extra 12% of the JV. Hopefully it is through debt write-off rather than cash.
Ann: Six Lulo diamonds sell for US$12.4m at tender, page-7
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