The other week I explained how I derived at an alluvial target volume of 7,572,050m³ of Calonda gravels. We now have our valuations so it's fitting to put a in-situ dollar figure on the alluvial project. Bear in mind that this only represents 8 klms stretch of the Cacuilo river which traverses 50 klms within the Lulo concession. The estimate is also exclusive of potentially more Colonda gravels along the tributaries of the Cacuilo river.
To-date, LOM have recovered 495.7 carats from 2,320m³ of Calonda gravels, or 1 carat per 4.68m³. Excluding the 131.4 carat stone it's 1 carat per 6.37m³.
The following four in-situ estimates are based on today's quoted valuations:
Current in-situ value, excluding the 131.4 ct stone:
(7,572,050/6.37) x $1,106 = $1.31b
Projected high in-situ value, excluding the 131.4 ct stone:
(7,572,050/6.37) x $1,334 = $1.59b
Current in-situ value, including the 131.4 ct stone:
(7,572,050/4.68) x $7,904 = $12.79b
Projected high in-situ value, including the 131.4 ct stone:
(7,572,050/4.68) x $9,065 = $14.67b
+River diversion(s)?
+Kimberlite pipe(s)?
in-situ estimate
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