Lucara Diamond Corp (OTCPK:LUCRF)
$ 0.38 0.005 (1.33%) Market Cap: 171.43 Mil Enterprise Value: 348.73 Mil PE Ratio: 0 PB Ratio: 0.75 GF Score: 52/100

Lucara Diamond Corp at 121 Mining Investment Cape Town Conference Transcript

May 09, 2022 / 12:40PM GMT
Release Date Price: $0.4532 (-4.59%)
Eira Thomas
Lucara Diamond Corp. - President, CEO & Director

Thank you very much, everyone. It's a privilege to be here today with you to give you an update on Lucara Diamond Corporation. I will be making some forward-looking statements, so I do encourage you to review this cautionary statement at your leisure, which is available on our website.

So we're really switching gears here now from talking about a lot of transition metals and traditional mining commodities to talk a bit about diamonds. And I think it's a great time to be considering investment in the diamond space, because we have actually emerged into one of the strongest markets for diamonds than we've seen in the better part of a decade.

We believe the best way to get exposure to the diamond space is through Lucara, because we are a high-margin producer situated in Botswana. We've been in production for well over 10 years, and we have completely de-risked this investment opportunity and having financed our mine expansion in 2021 which will extend our mine life out to at least 2040.

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