Lucapa Diamond - Is the next price explosion marked out?
http://www.wallstreet-online.de/nac...lt-lucapa-diamond-kursexplosion-vorgezeichnet
The successful series of Australian Lucapa Diamond (WKN A0M6U8 / ASX LOM) does not stop. Once again, the company achieved sensational high average prices for the diamonds from its Lulo project in Angola. The alluvial diamond production also seems to be very productive, although the rainy season restricts the work greatly. And the next potential price explosion is getting closer ... Lucapa reports namely, that sold more diamonds from Lulo with a total weight of 1,349 carats, achieving a gross proceeds of 9.6 million AUD. This represents an almost incredibly high retail price of an average 7,126 AUD ($ 5,075) per carat (!), Which once again underlines the high demand for large, high quality diamonds as Lucapa always particular the alluvial mining areas Block 8 and 6 on Lulo rediscovered.
This latest sale Lucapa now has achieved together with its partners in March alone quarter gross proceeds of 32.5 million AUD from the sale of Lulo diamond.Included in this was the 404karätige record diamond, which the company could sell for 22.5 million AUD.Since work began on Lulo - Exploration and mining - have now sold alluvial diamonds with a total weight of 12,125 carats, the project partners, and thus redeems gross 51.3 million AUD. Average cost one carat of Lulo diamond thus 4,233 AUD or $ 3,147. By comparison, the average price per carat is the world, according to sources at 120 or 200 estimated to 400 USD per carat ...And as already mentioned above originate the diamonds that has Lucapa in March quarter sold to date, all from the alluvial mining during the rainy season in Angola.That is, the access to the mining areas Block 8 and Block 6, where a particularly large number, especially valuable diamonds are found was, and is greatly limited by heavy rains. This means when the rainy season, as usual, ended in April, Lucapa can drive up the degradation depending on soil conditions back to 20,000 cubic meters per month, so can be expected even better results! Which in turn shows that Lucapa with the alluvial diamond production already has a more than just sturdy base has, in our view - could make an investment already rewarding - all secure existing risks.The once significant greater potential for companies and equity can be found in our opinion, but in the Kimberlitexploration, finding the original source of all the extraordinary stones that Lucapa finds particular block8 and block 6! And here comes Lucapa Decision closer, whether you are likely to really find a Kimberlitstruktur that has enough potential to justify the construction of a diamond mine. Because the company has discovered on Lulo with Gravitätsmessungen already a 110 hectare Kimberlitstruktur (L259), which is located almost directly under mining area block. 8 And the next step for more precise sensing and determining the subsurface geology of L259 was a Elektromagnetikuntersuchung (EM) now already completed. Lucapa expects to get the final results, interpretation and preliminary modeling of the EM survey in the next few days and will inform the market of course accordingly. That is, we have in Lucapa Diamond a company that on his alluvial diamond production a very solid foundation stands, which also could be greatly expanded in the future. And at the same time, the company has enormous Blue sky potential through its Kimberlitexploration. After confirmation that a possible new diamond mine was discovered, would the stock, we believe, explosively push up. In this respect, we believe that investors who risk are aware and speculate that Lucapa Diamond actually discovered the next, new diamond mine, sooner rather than later should get to the Run - if he come - not to be missed.
