LOM 0.00% 6.7¢ lucapa diamond company limited

Hi Jackpot I can assure you I'm no downramper . Im looking for...

  1. 359 Posts.
    Hi Jackpot
    I can assure you I'm no downramper .
    Im looking for the same as you mate .
    But the truth is it would take years to be mining diamonds from the kimberlite and it would also cost millions to set up .
    Once proven the kimberlite is commercially viable (which would send the sp in to $$$) we or the company that buys us out would have to apply for mining licence , environmental studys ect.
    This can take a long time as all the long term holders know ,especially in Angola .
    Then the cost of setting up the mine which is in fact massive , i suggest researching on the costs of setting a mine up and timeframe .

    Anyway i will be basking in the sun somewhere on my yacht enjoying my profits by the time this all happens .

    glta
 
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