LOM 0.00% 6.7¢ lucapa diamond company limited

VoR We are awaiting the results of testing whether or not L259...

  1. GC3
    104 Posts.
    VoR

    We are awaiting the results of testing whether or not L259 is diamondiferous. This should be released relatively soon although there was quite a lapse in information regarding L46... I'm not entirely sure how long those results took but I would imagine we can expect roughly the same period.

    This will be a significant result if found to be diamondiferous but by no means company making.

    The next stage would be heavy bulk sampling to determine whether or not this kimberlite will be deemed commercial. I'm no authority on this subject so perhaps someone here could take over but from everything I've read, this stage could take months maybe even years. Especially given the sheer magnitude of the kimberlite.

    IMHO, everything is unfolding like a script at present and my personal approach to this stock is I'd rather be 'in' when this next step is announced.

    GC3
 
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