Luca Mining Corp V.LUCA

The only

[okgonow]

Thing that's bugging me at this point is the lack of communication regarding progress on having reached full capacity at Talue ... mine .

And what they are doing to find a guy like Struthers to keep things on track

[okgonow]

Well someone heard me .....lol we have a monster in the making

[okgonow]

The way I read it they produced 14148 oz of gold equivalent in Q1 at an average price of let's say $2000 gold that's  $28296000 for the quarter . That far exceeds any previous Q in their history  get those plants up and running at name plate capacity!!!!!

[diggin78]

Yeah, they just produced over half their market cap in one quarter. Thats good, right?!

[okgonow]

Market cap at $.45 per share is $74.64 mill so over a quarter of market cap with not being at full production ( Tahuehueto ) and full  optimization at Campo Morado is effing fantastic the short interest is at just over 20000 shares only crazy people are betting against them now!

[okgonow]

Looking at PR again Campo is running at about 70% capacity (1600tpd of 2400tpd) plus not fully optimized  Tahue... is at only 60% NPC  so campo produced 10491 gold equivalent add 30% that's just over 4000extra oz plus whatever they can get extra on optimizing even on low end of extra 10% that's another 1400oz so total for Campo should be in the neighborhood of 16000 oz gold

[diggin78]

    Yes, and if the $1000 Aisc cost pans out, we're looking at 21-24 million in profits per quarter, which on the low end would exceed the current value of the company on an annual basis by a mile.      Hopefully we get a chance to buy more this morning with the minor pullback in precious metals we're seeing right now. That would be a real gift to be able to add

[okgonow]

  I seem to remember that in a PR late last year Mile Struthers mentioned that AISC would be $1000 per oz the thing I can't remember is if that was just for new mine or both mines combined?!

[diggin78]

I had forgotten about that AISC but if so, that puts them in an enviable position for sure.