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.....

To read the rest of article on LUC click here

For more DD on our top picks please click here

All the best in 2012,

Cheers J54