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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Metals & Mining Industrial Metals & Minerals
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

Lucara Diamond Corp > Gem Diamonds report strong prices in Q3
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Comment by DavetheHorseon Oct 29, 2020 8:20am
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Post# 31801944

RE:RE:RE: Gem Diamonds report strong prices in Q3

RE:RE:RE: Gem Diamonds report strong prices in Q3
Growth would be the main reason. They have the mine at Lesotho but its limited growth there and Lucara have a huge underground resource. Re the cost Lucara have already said it will be mainly self financed from cash flow and debt likely to be only 150m not 500m. With GEMD generating cash too would be a great fit IMO but yes probably wishful thinking
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