$A 8.3 million
+ $ A 2.4 million (from recent shortfall options)
+ $A 17.7 million (from expected LOMOB options being exercised)
+ $A ???? (reimbursement on mining costs to date ... from JV account)
+ $A ???? (recent and forseeable furture diamond sales)
+ $A ???? (other potential future diamond sales)
= $A Heaps of Cash ... and remember "Cash is King"
The above will significantly (and unrealistically) reduce the non cash value of the actual project ($A 100 million market capitalisation less cash = value of project enterprise).
Cash and hopefully soon to be released Gazetting, is the beginning of a long overdue re-rating for LOM.
GLTAH (especially long term believers),
Zippy1 (sitting back (actually working!!) and enjoying the action.
LOM Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
