RE: RE: RE: RE: RE: Interview with LCC's president You are failing in your due diligence.
Lumina Copper can only mine one third of its claims because the other two-thirds are environmentally protected.
There is more than one reason why the mining operations cannot go in to the south-east corner. They can't do anything there because that land is environmentally protected (salars). They can't even place tailings there.
In fact, as far as I can tell, they don't have anywhere to place tailings. So much for building a mining operation on Lumina's claims.
Moreover, it doesn't solve their gravity problem.
Regarding those new claims. You haven't done your due diligence there either. The last one was a minnow. And the others were minority shares of claims i.e. where Lumina does not have the controlling interest. In other words, if they want to do anything on those claims they have to JV.
There is a total lack of due diligence done by the members of this bulletin board. I have not insinuated an amateurish or ignorant business attitude. The Lumina board is sharp as far as business is concerned. But the Lumina board is lacking in the experience necessary to setup a mining operation. That much is obvious.
Once again, I am not telling you this to sell your Lumina shares. I believe in Lumina. Lumina shares should at least double from their peak when the JV is announced. What I'm telling you is that the Lumina board is not being openly honest with its shareholders. It is playing its cards close to its chest because that is in their best business interests. If they told you that there is no place for the tailings then you would all freak out and sell Lumina stock. Don't do it because Lumina stock is worth more.