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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 theSwede99on Oct 21, 2022 8:06pm
177 Views
Post# 35040384

RE:Any thoughts?

RE:Any thoughts?Trial with 'one producer' is underway....Eira's tone seems to indicate that this could be a significant entity and that early results have been very encouraging and hopeful that this will lead to a secure supply agreement by the END OF THIS YEAR.

I'm sure most of us here would love to speculate that it might be Debswana.  Based on the comments coming out of Masisi's corner for some time now it seems rather likely.

5 year goal---CLARA is generating as much cash as the existing mining operations.

FWIW I've been on the bid the last few months and have gradually lowered my cost base to under a $1CAD...granted this took several of years of adding shares.  Company looks very cheap now and the wealthy are always looking for a longer term store of value.

cheers
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