LOM lucapa diamond company limited

Where do the BIG ones come from?

  1. 9 Posts.
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    I think the real elephant in the room is LOM's constant posting of "finding the motherload kimberlite"
    They keep on saying "We will find the right kimberlite ....."
    Have a look at their maps. See which mining blocks ALL of the large stones (+100ct) comes from.
    Now the facts are that there are 200+ identified kimberlites on the concession.
    I believe that there is not one single kimberlite that deposits the large stones. It's being deposited over millennia by various kimberlites on the concession. It MUST be one of the deductions the geologists on site must have considered.
    How many samples were treated to now?
    What recovery were made in those samples?
    They are now exploring further away form the mining blocks where the big ones were found, making it less like they will get the right, if it exists, kimberlite.
    Do not bankrupt the company in search of the "right" kimberlite.
    My advice is to scale down on the kimberlite exploration, and stop using the profits from the alluvial operations to fund the kimberlite search. You are straining SML's cashflow.
    Cut back on the kimberlite exploration budget. Big time.
    And here is my advice. Look for the "right" kimberlite just off the concession to the South West, on or near the watershed.
    Happy hunting.
    PS: GET INVOLVED IN OTHER OPERATIONS IN ANGOLA.
 
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