RE:RE:RE:Come on guys, Time to sell out, Plz...WealthBuilder99 wrote: Hi,
How are you coming up with those timelines? Facility 2 is to be complete around end of June/beginning of July - but won't start producing gold until October?
And where did you get the info of facility 1 being at 80% by the end of June?
jammingthepipeline wrote: Jay Banks, that is a excellent summery. I was lucky to have discovered this company at 0.07 cents and bought a big load. The future looks very bright.
1). Before end of June we will hear from facitity 3. It will be in another country than Costa Rica and the announcement will move the SP. Probably there will be another big name attached to this announcement. I hope so.
2) Facilty 2 will start to produce gold in October.
3) Facilty 1 will be running at 80% end of June.
so yes, delayes are part of this business since the technology is new. Facilty 1 moved from very beginning Q2 to beginning Q3 to full capacity. I will be happy with 80%. I think they learned from their mistakes so perhaps facilty 2 will reach full capacity beginning 2022.
And I think facilty 3 and 4 will be huge.
I see the sp reaching 2.50 - 3.00$ end of next year if.......gold price stays above 1600 US$
Goodluck to you and thanks for posting.
Jamming
jammingthepipeline wrote: I don't get any information but my timelines are based on what happened the last year.
Facility 2 will be finished end of June/ July. Finished means the construction will be finished but then they heve to fine tune it and slowly bring it to production capacity. As I said, everything goes slower that planned so I think in October facility 2 will produce gold.
The same goes for facility 1. They promised 100% capacity end of June. Being the devil's advocate I foresee 80% capacity. Glty
So I think the confusion of this is the Facility numbering...
What Jamming refers to as "Facility 1" is the current testing unit that is already operating but is a low capacity testing unit. It is producing but the production is so small it's of little value other than it is helping develop the methods they are using.
What he is referring to as "Facility 2" is what LUX calls in their materials #1 which is Boston, that is due to be completed end of this month early next month... Technically he is correct but it just doesn't mesh with the company reading materials is all...
The "Facility 3" is LUX's #2 which is to be in service by end of the year... I did not care to find out the name of this unit, They say they plan on 2 a year for the next 5 years but they show 15 or more named locations on a map of where I believe they have been approved or plan to be in. I believe this is one of the locations in the North East but I could be wrong. I think they mentioned an different claim area for this unit. They show like 4 yellow areas on the map, but they also have a few areas of interest outside the country that may be approved after they prove themselves with atleast Boston by end of the year.