Hey Zippy, you can't correlate the location of alluvial/eluvial diamonds like the 404 carat gem with the section of the kimberlite it sits atop. The Block 8 diamonds such as the 404 carat are likely to have moved around after all this time even if it's only a short distance. However, all the evidence is pointing to L259 as the source kimberlite. The main thing is they get proof that L259 is shedding these stones and you will see a massive re-rate in the LOM shareprice. Wet season shouldn't be too much of an issue in proving this as the outer rim of the kimberlite where they will be doing the drilling and bulk sampling sits on high ground.
LOM Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
