For those new to this stock, we are currently in the wet season, where our mining is greatly hampered due to heavy rain.
For the current quarterly period, of which we are only half way through, we have pulled three diamonds, which between them have a value estimated by the company to be around $25m.
Add to this the smaller stones which other companies can only dream about, and the true potential value of this company becomes apparent.
Mining in the third quarter will be 40,000bcm, or roughly triple what we are doing now.
Work out a quarterly on those alluvial figures then remind yourself that the kimberlites are where the real money is.
If you think you've missed the boat with a 25%+ rise today, 41c seems cheap if they realise a fraction of their potential.
LOM Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
