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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

Comment by AndersSon Dec 18, 2020 2:41pm
253 Views
Post# 32141649

RE:Won't take years to sell and get paid

RE:Won't take years to sell and get paid
Exactly the same stone, but  found by Lucara, would be sent to HB within 14 days and upfront payment based on estimated polished outcome would be paid to Lucara within 60 days.
In addition to that, Lucara would receive additional revenue from that stone, if the actual price for the polished exceeds the initial estimate minus cost for polishing, when the diamond is sold.
So what are you whining about?

Lachine wrote: Mountain Province Diamonds (TSX:MPV), which holds a 49% stake in the Gahcho Ku mine in Canadas Northwest Territories said the operation has yielded its largest-ever diamond. The 157.4-carat gem quality rock will be offered for sale during the first quarter of 2021, the company said.


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