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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Comment by junior_mineron Jan 12, 2022 2:47pm
137 Views
Post# 34309603

RE:PE Ratio under 2 , 2022 !!

RE:PE Ratio under 2 , 2022 !!This has really been a huge underperformer in my portfolio. At the same time it's probably the most undervalued too. I like to think this is because of low liquidity combined with warrants being exercised. Warrant holders sell stock to finance the warrants.

But, it wouldn't be the first time something is awry and retail investors get to know about it last. Now waiting for good news from Tahu and timelines for Campo improvements. I'm going to sit tight, but not sure I can recommend it to others.
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