DEV 4.00% 12.0¢ devex resources limited

Ann: Investor Presentation - July 2018, page-10

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  1. 459 Posts.
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    I like your thinking mate. Unfortunately, diamond mining is very high risk. Being an LOM holder, I can tell you that diamond mining requires a lot of capital, and time. Diamond hunting is very very difficult as well, LOM have basically been exploring for new kimbos by process of elimination, which as you can imagine, drains the bank. Eventually some consistency in diamond exploration will be found, but that takes a long time and an inside out understanding of the land. Personally, I think we can explore for uranium as this uranium market takes off, use that to create some sp gains and raise more capital for less dilution. Then go hunting for diamonds with that $. We have a diverse portfolio which is great for the company optionality.
 
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