RE: RE: RE: Interview with LCC's president and CEO Whoever buys Lumina Copper cannot build a viable mining operation there unless there is a JV with Salta.
Why?
Because of gravity.
If you can't visit the site then take a look at photographs of where Lumina is located and where Salta is located.
Anyone who buys Lumina's claims will need the right to build at least part of those mining operations on Salta's land. That can only be accomplished with a JV. Even if it is only a couple of the adjacent claims.
If a large mining company buys Lumina Copper then they will have to JV with Salta. If you were the CEO of a company that wanted to buy Lumina Copper you would personally insist that the JV was agreed before you bought Lumina Copper.
Do you seriously think that all that ore can be hauled uphill by truck? Not a chance. And it has to be hauled uphill. Downhill is not an option.
I am just astounded that the board of Lumina has left this so late. Obviously, they have a lot of experience in selling resources under the ground. But it is also obvious that they don't have a lot of experience in setting up mining operations.
Now you are going to wish that you hadn't asked and that I had not elaborated. But I'm a Lumina shareholder too. I know that the JV is in the pipeline and there is a bright future for Lumina. I am not trying to panic you in to selling your Lumina shares. Obviously, I have far more Cascadero shares because they own half a of Salta. Which is why Lumina shareholders, assuming that they have any common-sense, should also have some Cascadero shares.
Is that elaborate enough for you?