LOM ASX announcement today, "Further to its release on 27 July, Lonrho Mining Limited (ASX: LOM) is pleased to announce that the 15 tonne per hour Dense Media Separation Plant has arrived at the Lulo Project. Re-commissioning of the plant should be completed within the next two weeks and processing of the stockpiled gravels will commence."
So it looks like about 120 tons of material could be handled in a 8-9 hour working day, this is roughly equivalent to 6, 20 ton trucks of material per day. Over a week this is 30, 20 ton trucks, certainly beats the grampierros & their spades. Whilst diamond are always hard to find we do know the area does contain diamonds otherwise the grampierros wouldn't be in the area. Looks like the speculation is finally coming into this stock.
High risk situation so no investment advice given, please do your own research.
regards
Buffett
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