Another positive comment from Far East Capital News Letter (Warwick Grigor):
Lucapa recovers a 208 carat diamond
"Lucapa’s Lulo alluvial diamond mine in Angola continues to be one of the most impressive diamond operations in the world, as evidenced by the recovery of another massive specimen, this time weighting 208 carats. Most diamond companies would kill for this type of gem, but for Lucapa it is almost becoming monotonous. Nevertheless, just like in the early days of Fortescue’s operation when a large bell would be rung in the office every time a ship load of iron ore left port, it is newsworthy to mention the exceptional diamonds.This latest high value stone could be worth anything from $5-10m. To put this into perspective, this is more than 10% of Lucapa’s market capitalisation. Talk about delivery of value!"
http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm4Nov2023.pdf
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Ann: 208 Carat Diamond Recovered from Lulo Alluvial Mine, page-27
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