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 May 11, 2017 7:26pm

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Post# 26234392

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good move so far ...:

I agree with that. The $120M insurance figure has to be taken as a guideline.

We were hoping, though, for some extra value due to it's unique rank as the largest diamond on the planet.

However, the company is it's own enemy in that regard in that they are installing costly equipment capable of capturing much bigger stones. The very fact that they are doing that indicates to me that they think it's likely.

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