Black rock expects the Australian dollar to fall below US70 cents in the first half of this year.
Considering carat values at lulo are priced in US dollars by the time mining has started and ramped up,any future return to share holders will increase significantly.
Every 700k in sales can potentially become 1 million in Australian dollars
A few months or a quarter or two and I think the market will be caught be surprise to the serious revenue to come from the mining of the alluvial diamonds imo.
LOM Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
