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 22, 2018 9:16am

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Post# 27759678

RE:RE:RE:RE:RE:RE:RE:RE:RE:more management changes.

For starters there's AK11. First ever drilling yields microdiamond results (not yet published) that lead directly to large diameter sampling. That is significant.

Then there's the enigmatic AK24 that appeared like a rabbit out of the hat in the operating outlook for 2018. It's worthwhile studying when this kimberlite was discovered and by whom.

Both these kimberlites are also earmarked for further investigation 'in their vicinities'.

And what about Clara? What value is that if it performs to expectation? They're talking about a 20% management rake-off of EBITDA of up to $25M. Does that not imply an EBITDA of $125M?

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