They did announce they have now located the rim of a huge kimberlite. This is big news as we know this is where any diamond concentration will be at its peak. They will then start drilling as soon as the drill rig arrives early this month which tells us the have already decided where to start drilling for the bulk sample.
We now have exactly 1 week before the mining conference in South Africa where SW will be getting our story out to the likes of Gem Diamonds, Petra Diamonds and Lucara Diamonds, all of whom are following SW presentation. I'm expecting a big re-rating around this time as the market wakes up to Lucapa becoming the next major Diamond producer with the best Diamonds the world has ever seen!
We can now look forward to:
The drill rig arriving any day now with drilling to commence right away.
News on more large specials from mining block 6 or possibly another large pink.
A big re-rating after the 121 Mining Investment conference on 8 Feb.
LOM Price at posting:
29.0¢ Sentiment: None Disclosure: Held
