Kimberlites are formed when the highly pressured magma explodes upwards and expands to form a conical to cylindrical diatreme. 1 in 200 of these contain gem quality diamonds.
Your post suggested that the chances of the 150 hectare magnetic target being commercial was 1 in 200. "only one in 200 Kimberlite pipes is commercial"
The LOM announcement today told us that 2 alluvial samples were taken above se251 and they produced significant diamond concentrations.
I'm suggesting to you that when you dig on top of 199 out the 200 kimberlite pipes you don't find significant amounts of diamonds. Guess which one LOM are bulk sampling.
LOM Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
