David Strang on “Mining Conference” For those interested David Strang, President and CEO of Lumina will have 20 minutes presentation on the “Mining Conference” on Thursday, November 29.
https://www.newswire.ca/en/story/1077873/media-advisory-scotiabank-global-banking-and-markets-mining-conference-to-be-broadcast-on-web
As for the summarized updated NI 43-101 (the detailed technical report is still to be published), it appears to be a perfect non-event (“The market yawned”, as perfectly commented by worldofmining), since there was no unexpected increase in the mineral resources estimates.
There was surprisingly no prior, separate publication of the pending assays (pending at the time of the Aug 3, 2012 Press Release) related to the possible northwest extension (towards Francisco II – 50% JV with Cascadero) and despite the Company’s comments in the Oct 9, 2012 Press Release (“Final assay results are expected in late October”).
However, those drill holes now seem to be included in the updated NI 43-101 (see map attached to Nov 21, 2012 Press Release).
Consequently, it could be assessed that the northern limit of copper mineralization is indeed defined, while the northwest is at the 0.30% boundary.
For the time being, it appears that everything has been said / published and there is currently no more catalyst to drive the stock price to the north…
The next important milestones (excluding Mr. Strang presentation of November 29) should be:
- Results of preliminary exploration program on Francisco II (and I) – Timing unknown.
- Preliminary Economic Assessment – Due in February 2013
To be followed: any spike in the volume should also give some indications for the near future (up or down)… Information is always leaking…
On the downward side: Taca Taca is not located few kilometres to the north (in Chile). Argentina does not provide for a perfect “mining environment” and, in view of the last events, things will probably not improve…
By the way, Lumina’s strategic review included the issue of 2.5 Mio shares (6% of the capital) to “a single, arms-length, party” by way of a non-brokered private placement. Some are mentioned that this party is a “major” but the name is still unknown…
Any clue?