1s1 your opinion of value of this resource is ambitious, don't get me wrong i hope your right but what metrics are you working on?, we only have around 39% of this and maybe more if we take up right to purchase more. You suggest an offer up to $3B is crazy for LOM which means the project partners would receive a total of $7.5b-$8b as our share is around 39%. Gem Diamonds who own the Letseng mine has a market cap of au$350m and Anglo who owns 85% of De beers has a market cap of au$9.5b which includes all their other assets as well. Yes the diamonds could be worth billions but there is a cost to mine a Kimberlite. I'm excited at our potential high quality resource but at the same keeping my feet on the ground.
LOM Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
