EL, have you done any research on this company? If so you would...

EL,
have you done any research on this company? If so you would know that when Lom has the marketable parcel of 2500 carats and a JORC, it can apply for a mining licence. Once it has a mining licence it can legally sell its diamonds, generating sales in the millions of dollars.

Once it has made its APPLICATION for a mining licence then it can borrow against the diamonds in its inventroy while Endiama processes its appplication (should be fairly quick).

Bottom line, in about 4 weeks Lom can apply for its mining licence. At that point it can raise a loan against the sale proceeds of those diamonds. Lom has ready access in a few weeks to diamond sale proceeds and bank loans.

You will appreciate that at this point Lom will be generating fairly healthy (but unqantified) cashflows.

Does this answer your question?

Plase take the time to DYOR.