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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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Post by Exxontankeron Dec 27, 2015 7:56am
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Post# 24413825

More confetti

More confetti
Can someone explain why these guys were spending so much money on an CIL expansion when they didnt have enough saprolite ore to feed the existing plant?
With the current exchange rate, the gold price in Beazil is very good, as are costs in USD. And still they cant make it work.  Avoid.
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