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Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The


OTCPK:LGCUD - Post by User

Luna Gold
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Comment by mork10on Feb 22, 2012 7:54am
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Post# 19565302

RE: RE: RE: Analyst Coverage - Cormark

RE: RE: RE: Analyst Coverage - Cormark

I understand that the National Bank will start coverage by March of this year. BMO Nesbitt was also part of the visit so I imagine that they will start coverage at some point as well.

The Cormark report mentions "operational issues" in  2011 that have now been fixed and includes in its numbers recovery rates in Q3 and Q4 2011 of 83% and 79% respectively, well below the +90% target. The fixes (including new materials and filters) are targetted If I remember correctly for Q1 2012 so I don´t expect substantial improvements in recovery rates before Q2 2012. 

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