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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

Post by Tutank2on Mar 16, 2024 8:35am
271 Views
Post# 35936372

Turn around

Turn around

It’s always difficult to go against a downward trend, but I’m sticking my neck out here.

With the light of recent news, where William has personally invested in stocks and the recently published feasibility study, Lucara not only appears as a strong investment case but as a golden opportunity. William’s decision to buy shares at this stage shows deep confidence in the company’s future and is a sign for investors.

Now that he has resolved the financing challenges, the technical difficulties with water ingress, and the optimization of the sales channels for their high-quality diamonds, Lucara has taken a giant leap forward.

The feasibility study, which reveals an impressive cash flow of 1.1 billion dollars from the mine, is the foundation that supports this progress.

Using a discounted cash flow analysis (DCF) with a conservative discount rate of 10% over fifteen years, the picture of a company with a present value of approximately 602.75 million dollars emerges. This is a conservative estimate that doesn’t even take into account the potential growth in cash flow or the ‘specials’ that have not been included in the calculation, indicating even greater potential.

With a current market value of around 1.2 billion and a calculation pointing towards a value closer to 6 billion, it’s clear that Lucara offers a risk-adjusted upside of at least five times the investment for the patient.

I am convinced that this is a turn-around case and it will be exciting to see when the market understands this. It is a unique chance to invest in a company that is now positioned to deliver exceptional value to its shareholders.

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