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2.27%

4.3¢ lucapa diamond company limited

Ann: AGM - Presentation, page-67

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dangar

5,103 Posts.

305

31/07/20

12:58

Post #: 46215052
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Originally posted by rocketrog: ↑

If you "do the Math" based on a River diversion resource grade 20ct/m3.
volume approx 700m long 300m wide 2.5m deep..
But say 500L x 100W x 2m Deep x 20ct/m3 x $1500/ct = $3,000,000,000
An estimated $3B added alluvial resource value just from that river diversion.
IMO that diversion project and consequent grade , warranted an update report to shareholders , being it is a significantly material detail.
Why management left shareholder to languish in dark uncertainties, while holding back this info, IMO causing the sell down to all time low, is anyone's guess.
There was definite advantage to insiders with knowledge of the 20ct/m3 river flats resource
But for those of us, having taken the blind risk to average down, LOM's future now looks much brighter.

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Sorry RocketRog, but you're out by a factor of 100 - that's carats per hundred cubic metres. Try $30M worth.

A grade of 20ct per cubic metre would be economic to mine with a shovel!

LOM Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.3¢		Change -0.001(2.27%)		Mkt cap ! $12.47M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.3¢	$3.986K	92.70K

Buyers (Bids)

No.	Vol.	Price($)
1	30000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.041
2	324000	0.040
1	77958	0.039
1	45446	0.038
2	113000	0.037

Price($)	Vol.	No.
0.043	10000	1
0.044	39645	1
0.046	145000	1
0.053	150000	1
0.055	8000	1

Last trade - 10.29am 06/11/2024 (20 minute delay)

LOM (ASX) Chart