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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canada-based diamond mining company with a producing mine and exploration license in Botswana. Its 100% owned Karowe mine, located in Botswana. Karowe produces Type IIA diamonds in excess of 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813 carat Constellation. It also owns Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain.


TSX:LUC - Post by User

Bullboard Posts
Post by LRGreturns4meon May 10, 2016 9:12am
180 Views
Post# 24857055

The Constellation actually sold for $86,277 per ct

The Constellation actually sold for $86,277 per ctSince they only sold 90% interest in the stone, the sale value is actually $86,277 ct. and if you allowed for a 30% increase for size increment and the fact that it is the largest, Lesedi La Rona could bring $112,000 ct..  The 341.9 type IIA brought 61,304 ct, so I believe the 30% increase from the Constellation price is reasonable.

I think the sale of Constellation establsihed a value for the jewelers, but what is the value for someone who wants to hold it rough ? What is the risk of finding a larger stone? I also believe that the vault is now getting filled with very exeptional stones as a result of the latest circuit improvements.

My guess is that $300 million annual revenue is now the norm with the very exceptional stones coming regularly.   Exciting times ahead.
Bullboard Posts