Peruvian Gold Play That You should WatchLupaka Gold
LPK.to
IPO last month. IPO was set @ 1.50. But the Peruvian fear pushed down the price.
786K oz indicated @1.12 g/1
400K oz inferred @ 0.93 g/t
Currently drilling 11000m with two rigs.
Recently hit some good grades and intercepts.
Current price 1.30
RISK:
Drilling in PUNO province, Peru
Can some or you guys tell me why this stock is so underpriced. I talked to IR and they said they have consent from the locals to drill, and that's all you need, according from the recent presidential decree.
I know there's a 36 mning concession moratorium in Puno province, but by then, we hopefully have a multi million oz project, and the political climate will be more favorable to mining.
Thoughts.
Full disclosure: I own shares.