Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

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.


TSX:LUC - Post by User

Bullboard Posts
Comment by nyonion Mar 18, 2016 9:45am
255 Views
Post# 24674312

RE:BK2

RE:BK2
This is a company that tells the bare minimum.
They could have shared all sorts of technical detail about BK2 and the other targets being worked on but they choose not to. One likely reason might be  'competitor' and/or security concerns.

Notwithstanding that, we can make some guesses about how long BK2 might take to bulk sample.

Although the purpose-built bulk sample plant located at Karowe appears to be self-contained, we don't know if they are pre-crushing and/or concentrating at the target. The 2 photos we have of BK2 and AK12 only show a single digger.

So if we assume that all the diggings have to be transported to Karowe over public roads then we are looking at 5000 tonnnes of BK2 transported in, say, 10 ton loads.  (= 500 loads)

If, for example, they can dig (only 1 digger visible), transport and process 3 loads per day then it will take 500/3 = 166 days............and pro-rata for other capacities.

Must be pretty soon anyway.

A big unknown is how long it might take to fully analyse the results.
Bullboard Posts