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 Mar 05, 2017 2:16pm

217 Views

Post# 25934075

RE:RE:RE:any opinions?

Let's use $650 per carat as our revenue figure.

11M + 4M = 15M carats total in the mine.

15M x $650 = $9.75Bn

less $1Bn already sold = $8.75Bn remaining as revenue.

Now you have to work out costs etc discounted over however many years etc etc (not my area of expertise) to find a present-day value and divide that by 380M shares.

Can't see it being less than $10 per share.

It's quite possible also that the extra delineation drilling could pick up extra ore bodies or hidden lobes.

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