Top 10 Mining Stocks 2012 – Pick #9 Lucara Diamond Corp

 

Symbol:  LUC (TSX)
Share price: 83 cents (Close on Jan 4 , 2012)
Shares outstanding: 372,349,049
Market cap: $323,944,000

Lucara Diamond Corp 1yr chart

 

2012 will be a big year for Lucara Diamond Corp as their AK-6 Diamond mine is slated to begin production in the first quarter. Lucara is a pure play on diamonds and it will be interesting to follow the share price as the year goes by. Not many diamond mines exist in the world and very few have been brought online in the last several years.  The AK-6 diamond mine is forecasted to produce over 400,000 carats a year.....

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All the best in 2012,

Cheers J54