LOM 1.64% 6.2¢ lucapa diamond company limited

mindless ramping- revised business analysis

  1. 2,369 Posts.
    In response to criticism of my business analysis, I have prepared a business analysis of L6 assuming that it Calonda ore. From my perspective it merely vindicates my previous business analysis.

    Doing some basic calculations:

    16 Hectares mines = 160,000 square metres. Assuming mined 10 metres gives 1.6 million cubic metres.

    Transferred to weight at 1.6 tonnes per cubic metre

    Means that 2.5 million tonnes of ore has been extracted from L6- to most investors this would have qualified as a reserve of diamonds. It appears that the Calonda ores are open at depth an on the horizantal plane.

    This gives a rough profit (assuming mechanised extraction techniques which is relevant to an analysis in the context of Lom).

    Assuming 20 cpht= .2 cpt @ $150 per carat= $30 per tonne revenue.
    Assuming $15 per tonne in expense= $15
    Profit per tonne = $15
    Rough tonnage= 2.5 million tonnes
    Profit from L6= $6 milion dollars.

    This is arguably very conservative as Calonda is open at depth and on the horizantal plane. In all of Lom's literature, there is no mention of Calonda ore exceeding more than 1 metre in depth. Again, this does make ANY allowance for larger stones etc.

    Furthermore, it makes no allowance for the kimberlites which my understanding would be the source of the localised Calonda.
 
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