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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
Post by CodtMarks88on Sep 03, 2016 7:33pm
289 Views
Post# 25206118

Would it make more sense to keep the Lesedi La Rona?

Would it make more sense to keep the Lesedi La Rona?Let's say Lucara sells the 1109 carat diamond for one hundred million. They give 10% of that money to Botswana's governtment. Plus if they try and sell at auction they have to give what? 20-30% to the auction house. And then I'm not sure how much The Canadian Government  would tax Lucara on the sell. So after all that said, if the famous diamond sells at around one hundred million, Lucara would get 40 to 50% of what the Diamond sells for... At the most? Which still would be a great profit. But what if it sells for 75-80 Million? 

Does it just make more sense to keep it? Maybe just split a percentage with the museums and other exhibits in order to keep money coming in constantly, instead of selling it and making 30 to 50 million dollars at most after everyone gets their commissions and taxes. 

Also I am not sure what kind of deal that Botswana and Lucara have, so this probably wouldn't be possible since Botswana will need their cut, of course.

Bullboard Posts