diamond news, page-1201

Lucapa Diamond Company - Spectacular third quarter

http://www.goldinvest.de/?p=33206

The Australian diamond producer Lucapa Diamond Company (WKN A0M6U8 / ASX LOM) has an extremely eventful and successful third quarter behind. Not only that, you could make in the production of alluvial gems on the Lulo project great progress, the company is also poised to win the jackpot of diamond exploration and to demonstrate a new, economically be operated kimberlite diamond source.

Lucapa focuses in reducing the alluvial diamond for some time on the territory of Block 8 on which it has been discovered only on 10 August already 45 "special" gems (> 10.8 carats). It also included two large gemstones from particularly rare and valuable type IIa of 90.3 or 74.5 carats and four more diamonds with more than 50 carats. To date the stones recovered to block 8 provided an average selling price of no less than 4,500 AUD per carat, while there are only around 120 USD per carat on average worldwide.

Since it is promising that the company through some tests could vastly expand the alluvial diamond field in Block 8 and succeeded at the same time in the third quarter, the rate of production to expand from above 10,000 to now 20,000 cubic meters per month ... The diamond mining increased during this period while already 143% to 3,479 carats.

Even if the "everything" would be what makes Lucapa Diamond, the company would have a positive apart from many other, small diamond companies. But Lucapa has much more to offer. Because the company hopes to have found the primary source of numerous exceptionally precious diamonds have been discovered on Block. 8

Lucapa could prove namely in the last quarter, that it is the kimberlite exploration target E259 actually a diamondiferous Kimberlitschlot (L259) is, which also borders on the alluvial diamond field on block. 8Currently it performs with high pressure further exploration activities - included drilling - on L259 through to size, shape and diamond content determine this kimberlite. If it turns out that there is an economically viable diamond mine can be operated, the company would have found the holy grail of diamond exploration, which pursues the whole industry.

Moreover Lucapa was able to confirm with the kimberlite L46 near the alluvial mining terraces E46 a fifth kimberlite than diamanthaltig, so you still have another iron in the fire.

Added to this was that the company was able to secure financial support from a long-term investor, the $ 3.5 million placed in a first position available and secured the right to the first for further funding of $ 8.5 million to be able to predict.

Since the middle / end of September the Lucapa-stock has enjoyed a steep rise, climbing from about 0.17 AUD given the many good news in the meantime up to just 0.60 AUD. Meanwhile, the price has come back up to 0.375 AUD, while investors are waiting whether kimberlite L259 actually turns out to be large and rich enough to build a mine there. If this is the case, the previous high of the last three months must have been only a stopover.

However, would come back considerably well in a failure of the course. Investors who are considering to enter now, or have long case should, in any case this risk to be aware and secure in accordance with their positions.