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Lucky Minerals Inc V.LKY

Alternate Symbol(s):  LKMNF

Lucky Minerals Inc. is a Canada-based exploration and development company. The Company owns a 100% interest in the Fortuna Property. The Fortuna Project is comprised of 12 contiguous, 550 square kilometers km2 (55,000 hectares or 136,000 acres) exploration concessions. Fortuna Property is located in a highly prospective gold belt in southern Ecuador. The Company’s mineral exploration and development operations are in the United States and Ecuador. Its subsidiary is Goldmindex S.A.


TSXV:LKY - Post by User

Comment by mmayeron May 21, 2020 7:48am
91 Views
Post# 31055029

RE:Major Potential

RE:Major PotentialI agree. Plus the market is really poised for a surge!

I especially like this article https://seekingalpha.com/article/4338470-3-reasons-gold-stocks-are-set-to-rally-in-2020


  • * Very few new, large mines are being brought to production, and we've likely reached peak gold production.
  • * High gold prices and lower cash costs due to depressed oil prices will lead to margin expansion. We're likely going to see higher cash flow and earnings in the coming quarters.

My view is when miners have more cash flow during peak gold production, they obviously start being more serious about exploration to ensure their long term viability.  And in such early stage as LKY, our timing should be perfect! 



WESTY84 wrote:
Judging by the people involved with LKY, id say they are more then capable of navigating through the political aspects of mining in a foreign country. Its crazy to me that they have so much land, and so many companys interested in making "deals" yet sp is so low, i know its a gamble, but the payoff for a stock like this could turn major, Just my thoughts, GLTA

 

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