Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.

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Lucara Diamond Corp

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Comment by nyonion Nov 18, 2015 7:23pm

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Post# 24303248

RE:RE:BOOM!

using the rule of thumb, the value goes as the square of the weight.

For example;
342 ct stone went for $20M, new stone is 3 times that weight therefore 9 times the value = $180M
336 ct stone went for $8M .................................................................................................................= $72M

But being 2nd ever biggest in the world may have a premium above that.

Then again it's only worth what someone will pay for it.

Whatever it brings, it will be a % of the current mkt cap so should hike our price considerably.

I wonder what Willie will say tomorrow in the tele-conference?

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