Scenarios:
Lulo, if it’s alluvial and say 300ct, could be worth three cents immediately, then back to the malaise.
Lulo. If it’s Kimberlite, which I doubt as surely they would tell us which target they are having a go at and when, then if it was say 50 carat plus, the immediate pump would be maybe five cents and then the malaise would be gone and we could start eying off 50c again.
Mothae: Say 150ct, it might be worth a few cents immediately then as the market works it out, coupled with the 70% ownership and likely repatriation of funds, 30c seems a reasonable price target. Even lollies would toss up another crack at it.
Brooking, this would be the best result as it’s here and we own almost all of it, but surely we haven’t had a go, and let’s hope the recovery doesn’t relate to drill samples. I’m ruling this out.
Good luck to us all Thursday.
LOM Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
