La Mancha Resources Inc LACHF

Why this is important

[Bobwins]

La Mancha is hoping that Hassai will be verified as a large VMS deposit similar to the Bisha deposit in Eritrea.  I wanted to post a link to the 11/08 article but stockhouse won't let me and they don't have it in their limited news releases.  Stockhouse likes to censor posts and doesn't let you post links that include another site.  But since Stockhouse doesn't have the story, it defeats the purpose of an intelligent conversation about the stock.$0$0$0$0Bisha is projected to produce 431K oz of gold and 702K oz of silver in each of the first two years of production.  The total capex for the project is 250Million.  So a big undertaking.  $0$0$0$0$0Hopefully Hassai will prove to be that type of deposit and become a company maker for La Mancha$0

[boomboom2]

I would still like to see them bring down the cost at the Hassai a little, 603 an ounce seems a bit high to me. Just be more icing on the cake.   GLTA.BB2.

[Nergy]

Yes the similarities to Bisha is very interesting, but the birds are whispering that the Hassai deposit is several times bigger, and in the third quarter we will probably get some very good indications of if this is a fact.

[Bobwins]

typically they don't have a lot of leeway in the costs.  They have a certain kind of ore at various depths that need X amt of costs to extract and then need to apply certain mill operations to the ore to extract the valuable metals.  The feasbility study is typically done several years before the first metal is sold so they need to be conservative and use numbers that will likely be

[boomboom2]

Another good day for us,hopefully over a dollar soon with support. GLTA. BB2.

[RedHorizon]

What would it take for LMA to be a $2 stock in 2009?  I don't think it requires very much.  Let us consider their earnings.They earned 2.5 cents in Q1.  So annualized that's 10 cents.  20x EPS gives us $2 with no increase in the gold price required.  Most junior gold stocks do get this kind of multiple.  Although many stocks in various sectors are in fact