LOM 1.41% 7.0¢ lucapa diamond company limited

Ann: Africa Down Under Conference Presentation, page-20

  1. 995 Posts.
    lightbulb Created with Sketch. 269
    If you are going to quote, don't leave out words!
    "Lulo alluvial cost wise is low risk project"

    I would have thought management have stayed in this deal because they see enormous upside of finding the Lulo Kimberlite. They could just walk away but I'm sure others would take it up in a heart beat. Where else will you find average diamond prices 15-20 times higher than the world average?
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.