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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 KingFoxon Nov 29, 2022 9:50am
159 Views
Post# 35136343

RE:latest announcement

RE:latest announcementwill look at it more closely later today, but its a small bump, and it looks like they should easily meet, maybe even exceed &#39;22 revenue. Carry that forward to &#39;23 and maybe we push $250M. The real story will be the de-risking of underground, so the review in Q1 &#39;23 should be important for that as we head into the &quot;negoiation&quot; deadline to see if we, Clara, gets any additional biz. Clearly however a mkt cap of $175M USD is digustingly ridiculous, not sure how much debt will result from underground move but how this company exists in the public sphere at that valuation seems crazy to me. That&#39;s a handful of our big, along with a sprinkle of pinks and blues. That could be Clara&#39;s valuation with the &quot;right&quot; deal come July &#39;23. If we even last that long.<br /> <br /> So hear we sit, CAD $0.50 per share,&nbsp; :-(
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