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Bullboard - Stock Discussion Forum 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... see more

TSX:LUC - Post Discussion

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Post by nyoni on Sep 04, 2024 3:32pm

Mkt Cap

Before the discovery, share price was hovering around the 31c mark.

Now it seems to have settled around 42c, say 11c higher.

With 453,566,923 shares in issue does that imply that the market values the stone at 

453,566,923 x 0.11 = $50M ?
Comment by Gerrywerry on Sep 04, 2024 4:04pm
Until we know more it's impossible to put a value on it but we can assume 50 mil + .  It's a 50 mil + indicator of the potential of this company