Mothae diamonds are worth 75% (70% / 40%) more to Lucapa than Lulo diamonds are worth. And there are no cash flow bottleneck issues.
For example, a $4M diamond is worth $2.8M direct to Lucapa at Mothae, but only $1.6M via SML at Lulo.
By my rough maths, USD 2.8M would cover 3-4 of the IDC quarterly payments.
(BTW, New Azalian (AUD 10.5M) and Equigold (USD 5M) are interest only at the moment. That is roughly USD 1.5M per year. A fair percentage of that can be paid in shares).
Bring on the ann!
Mothae diamonds are worth 75% (70% / 40%) more to Lucapa than...
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