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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 nyonion May 10, 2021 10:56am
223 Views
Post# 33164727

RE:RE:RE:Results and perception

RE:RE:RE:Results and perception Here's an example of how secrecy and unknowns can play into decisions about the future.

Fact 1: Jwaneng Mine in Botswana is the most valuable diamond operation on the planet. It was said at one time that it was cheaper to make $1 from Jwaneng than it cost the Fed reserve to print a one dollar bill.

Fact 2: 4th March 2019 - in resonse to a journalist's question the Minister of Mines confirms that there is a new diamond discovery in Botswana "as big as Jwaneng", but will not elaborate.*

Since no more has been said by either the ministry, or any company, there must clearly be non-disclosure agreements in effect.

Now, regardless of who that lucky company might be, I'll bet you it is colouring their current decisions in a big way.


https://www.rough-polished.com/en/exclusive/113067.html
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