The Investment Doctor
Long/short equity, value, debt, base metals

Diamonds Are A Girl's Best Friend, But Can Lucara Diamond Be My Best Friend?


In this article I'd like to discuss Lucara Diamond (OTCPK:LUCRF) which is operating a diamond mine in Botswana, Africa. The company is in production and seems to be surpassing all expectations as some of its stone tenders have resulted in better than expected revenues.

Source: company presentation

Trading liquidity on the US exchanges is relatively low so I think it's a better idea to trade in shares of Lucara Diamond through the facilities of the Toronto Stock Exchange where the company is listed on the main board with LUC as its ticker symbol. As it's a Canadian company I recalculated Canadian Dollars into US Dollars using an USD/CAD exchange rate of 1.09.

The calculations in...

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