Seeing the last sale included mining up to the end of Janurary, this sale one would assume would be for Feb, March,May and possibly a bit of June (maybe not) so lets say 1 quarter (possibly +) of mining.
Last quarter LOM cost 3,423,000 to run.
Also remember that some of you believe that good stones were held back from last sale as it only grossed (before all those taxes and fees) 790k , so last quarter (Jan, Feb March) even though they were mining since Jan sent the company backwards about 2.7 million.
Last quarter LOM cost 3,423,000 to run.
One would assume that this figure would be more like $4 mill+++ with all the ramping up for the next.
They are now "Cherry Picking" their best area so any result under about 5 million gross (as LOM like to report it) would be a disaster in my eyes and in fact would need to be closer to 8 million gross to make up for the last pathetic quarter of results.
Lets see.
4th diamond sale this friday to wednesday, page-5
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