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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 nyonion Aug 24, 2018 11:16am
188 Views
Post# 28512169

Here's why I think Clara will succeed

Here's why I think Clara will succeedThe Clara mechanism increases the sale price to the producer while at the same time reduces the cost price to the manufacturer. Win/win at both ends - and loss in the middle.

But there is another important factor to consider. The Govt of Botswana royalty is payable as 10%
of the producer's sale price. So Clara is a winner for the govt too.

Think carefully about what the ramifications of this might be.


Bullboard Posts