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3.28%

6.3¢ lucapa diamond company limited

Far East Capital - weekly commentary - 9 Dec 2023, page-32

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bj789

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19/12/23

15:48

Post #: 71530309
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Originally posted by Cridz: ↑

Now to qualify I am not a Geophysicist or a Geologist, but why would the motherlode be way deeper?
My understanding is for the diamonds to be in the alluvial channels it must have reached (or near to it ) the surface.
Potentially it has all been washed away into the alluvial channels or potentially covered with massive amounts of overburden.
The fact that many kimberlite pipes (some diamondiferous) have been located at or near surface would suggest it is likely that the motherlode would be in a similar position. It may be from a different historical time period than those recovered and suffered a different fate but I don't see any reason for it to be impossible?
Happy to be enlightened!

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I would have thought when LOM disclosed they had 100+ Kimberlite 'targets' that shows how disseminated the field is.

How many targets did Argyle have? (and in case some smart ass says it wasn't a Kimberlite, I already know that), or for that matter any other highly productive pit? they don't normally have multitudes of insignificant 'pipes' scattered around them.

100+ targets - bloody ludicrous.

LOM Price at posting: 3.5¢ Sentiment: None Disclosure: Held
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