It was stated at the last EGM by SW that " the value of the recovered diamonds was far more important than rate per hundred tonne etc." Especially when we are dealing with diamonds of such size and quality. It was also stressed that "no other diamond producer in the world can match our results". You will see a JORC when an economical kimberlite is identified. Drilling and infill drilling on a defined target will provide this. On the alluvials ? No chance. Why else are they pitting and sampling pre mining other than steering clear of barren areas. An economical kimberlite ( or more ) is the end game, alluvials just a means to an end for me anyway.....
LOM Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
