IM not so sure any distribution will be much,as the diamonds being mined at the moment are not as valuable as the diamonds at block 8,IM hopeful that some more high grade high value diamond areas will be discovered over time similar to block 8,but for now there is not as much profit being made and it took the company up until the start of June last year to pump out block 8 for about only 1.5 quarters of mining at block 8.
At this stage I will be happy with about US9 million in diamond sales each wet season quarter with at least US5 million a quarter being distributed to the partners.
Anything less than that and Lucapa will find itself in a world of financial pain.
LOM Price at posting:
39.5¢ Sentiment: None Disclosure: Held
