Lucapa Diamond – New Skype Interview – Project Updates & Objectives From April 2018
CEO Stephen Wetherall was recently giving GOLDINVEST.de a brand-new interview, pointing out the following unique selling points for Lucapa Diamond.
Lucapa has had a good start in 2018, though wet season has been affecting its alluvial production in Angola. The company has a healthy cash balance end of last quarter, derived from strong diamond sells. In fact, the capital increase in the amount of 16,5 Mio AUD, announced early April 2018, will again improve that.
The political situation in Angola has changed for the better as well. Angola would like to get foreign direct investment in the natural resource sector increased. Angola’s diamond production should be increased from 7 mio. carats to 14 mio. carats per annum for the next 4 years, and Lucapa Diamond Company should help to achieve that ambitious goal.
After production in the Mothae project in Lesotho starts in H2/2018, the company will be in the unique position of being the only diamond company in the world that has got multiple (2) high value diamond operations with production value of more than 1,000 USD/carat.
In fact, Lucapa Diamond sees that Brooking could be the beginning of a 3rd producing asset in the not too distant future.
