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7.0¢ lucapa diamond company limited

diamond news, page-5593

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893 Posts.

131

14/09/23

12:16

Post #: 69856433
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Originally posted by MattAxel: ↑

The most important point in that presentation was skipped over in 5 seconds... the disclaimer for forward looking statements at 2:30.

strange they are now trying to justify the low alluvial grades (190k cts recovered over 9 years vs letseng 300k+ cts over 5 years in the 1970s) by assuming they are 'immature deposits' with the majority washed away.

if the alluvials are actually mature deposits, it does not bode well for the grade of any potential kimberlite.

I was anticipating a potential surprise announcement for a major upgrade to alluvial resource, assuming that's what's been using up the kbsm's capacity, but his comment makes me beleive it will just be another minor upgrade.

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They should be justifying the piss poor share price.

LOM Price at posting: 3.6¢ Sentiment: None Disclosure: Held
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