Aren't exploration costs going to be an ongoing cost?
Does this mean we are guarenteed to get 100% of the profit from this first sale?
For me the news that LOM are able to sell these diamonds is very exciting. It also means that the arrival of the DMS suddenly becomes significantly more important.
If LOM are able to fund exploration in the near term through very cost effective alluvial mining this is massive news - perhaps to the extent that capital raisings are a thing of the past.
sale of lulo diamonds next month, page-3
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