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 AndersSon Oct 04, 2017 3:09pm

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Post# 26776836

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A Bloomberg Article

Soxman, you are probably right about this.

soxman wrote: AndersS with regards to your probability point about a next EST:

Lamb said recently that we are recovering more special stones than last year (+10.8 carats) plus we now have new equipment in place to stop breakage which will result in larger stones.

We recovered a huge amount of special stones last year so one can only conclude that we have a huge amount this year plus a little more. As the mega unit is up and running 100% as lamb recently said it would lead me to believe that we are probably recovering slightly larger stones than before due to less breakage.

So you can look at it this way: What is the probability that we have more +10.8 carat stones than last year, new quipment to increase the stone size from last year but not enough special stones to do an EST. It is possible but pretty unlikely in my opinion.

If Lamb hadn't said we had more specials than last year I would be concerned but it is very unlikely we have more specials than last year yet not enough for an EST.