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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 rickdiculous1on Dec 17, 2008 8:15pm
486 Views
Post# 15653047

RE: RE: RE: LUNA gold

RE: RE: RE: LUNA goldI think you are dead on with what you are saying! I called LGC on monday and they have stopped all drilling for now to cut costs. I asked how much money do they have? answer is $800,000 approx. I also asked how much gold is proven? answer is over 1 million ounces with much more potential. So I then asked why stop drilling ? WHATS THE PLAN HERE? I was then told they are going to move forward with the properties even with the lack of cash. So I asked if LGC is for sale or do you have companies interested? He replied I can't go there! 1 million ounces isn't all that bad for a company in mining friendly Brazil. Best of luck to all!
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