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ODIN MINING AND EXPLORATION LTD V.ODN

"Odin Mining and Exploration Ltd is a precious and base metals exploration and development company. It is engaged in the acquisition, exploration and development of mineral resources in Ecuador. Its project includes Cangrejos project."


TSXV:ODN - Post by User

Comment by stocksnbondson Feb 01, 2021 2:33pm
425 Views
Post# 32438578

RE:Lumina's NPV ?

RE:Lumina's NPV ?Not to rain on your parade but gold will not be 2300 by the end of Q1 nor will CU be $4. 
I agree the numbers in terms of what has been found is staggering but the reason why LUM cannot get fair market value for what they have in the ground (key is in the ground) is that it's in one of those "iffy" locations.

If you need to plough over a billion in facilities to extract both copper and gold, you want to make sure that your permits/title/capital will not be taken away. There is major country risk at the moment. I have a small position but not silly enough for a full weighting as of right now. 

Good luck to all,

sb

 
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