Lumina Copper Corp LCPRF

Taca Taca - saving the best for last?

[elmothefearless]

I was re-reading the news release and this deposit as you guy's have pointed out may turn out to be something special.  We were sitting at over 11 billion lb's of copper at a .4 CuEq, and that's before the deep drilling we've performed where in some places we have doubled the intercepts.  We may have the potential to increase the amount of copper to 15 to 20 billion lb's of copper, at a pretty good grade.
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Using even a conservative take out valuation of
.04 / lb of copper, if we can increase the resource to 15 billion lb's, that suggests a minimum take out at $14.  If you use the
.066 average, we are worth $1 billion.
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And that is ignoring our gold and moly content.  
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But please do keep in mind that our gold recoveries for the sulphide resource were only about 50%, and moly wasn't too hot either, so it may not impact our valuation too much.
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Still, these are exciting times for LCC!  
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Taca Taca - saving the best for last?