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 Nov 05, 2019 3:58pm

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Post# 30312209

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Election

Well, operating cash flow was about 15 MUSD in Q3 alone. Annualized that is about 60 MUSD. In 5 years that adds up to 300 MUSD. Then they have a credit of 50 MUSD so left to finance is 150 MUSD which should not be a problem to lend in a bank.

However, the calculations above does not include any truly special finds (like Lesedi la Rona and the Constellation) which may completely remove the need for any external financing.

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