LOM 0.00% 11.5¢ lucapa diamond company limited

Either way Dusnot, Argyle's mine life is not expected to go...

  1. 13,113 Posts.
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    Either way Dusnot, Argyle's mine life is not expected to go beyond 2020, so unless the world finds another source for pinks, we can expect to see a price hike for an already rare diamond. If I have my assumptions and calculations right, the two pinks at Lulo have been sourced some 14km apart (4.4ct at BLK_14 and 6ct at BLK-20), but I'm leaning for the source to be around Se046 Area. Remember that it's not uncommon for a kimberlite to host more than one genesis of diamonds, but my gut feeling is that the source for our two pinks are from the same kimbeite.

    LOM have certainly been wanting for information on recent finds but I'm sure all that will change once the ML is signed off. Hopefully this week's quarterly will provide a much needed update on operations on the ground at Lulo.
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