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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

Lucara Diamond Corp > MORE and BIGGER DIAMONDS
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Post by SouthSide on Oct 03, 2024 10:23am

MORE and BIGGER DIAMONDS

Our leader Mr. Lamb seems to be having a hard time getting the right rhythm beating the drum.  Although diamond prices have come down some, the bright light on Lucara is we are getting more of them.  Ok, sure, a diamond we found 20 years ago was worth $10 mil., and  is now $7 mil.. But for Lucara today, we are digging in the proven South Lobe area, we should get 4 or 5 times more big stones.  In the past for every two big diamonds we got per year, now here in this new ground, we should yield that much per month.  With the South Lobe core samples and what we've seen being dug up, Lucara will see $50 to $100mil in profits per year.  Mr. Lamb should focus more on digging them up and let the market sell them.        
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