Hi MacAdder I would be extremely comfortable with a capex for the alluvials in the order of $30m.
For the kimbelites the figure could be from $30m plus upto $150m, there are so many variable.
What I would highlight is the L6 (something I keep harping on about). Because it is an weathered kimberlite with good grades then it could probably be mined using the infrastructure that would be constructed for the alluvials. So in effect L6 could provide all the cashflow funding for ALL of the future development work at Lulo.
Keep in mind K71 & K72 (plus smaller neighbouring kimberlites) will probably be another Orapa (not just another Catoca).
Another important point is Lom is saying that production can be brought on stream VERY quickly i.e. 2012
LOM Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
