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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 Spikearoo1on May 16, 2022 1:28pm
101 Views
Post# 34686727

RE:RE:RE:NR !!!!!! excellent news!!!!!!!!!!

RE:RE:RE:NR !!!!!! excellent news!!!!!!!!!!Well it seems all the dorks out there all they want to see is drilling...drill a hole here, drill a hole there, everywhere drill a hole. ATLY is by far my biggest position in terms of shares. So once this thing starts ramping up to the 500 TPD on this ball mill and revenue starts flowing my expectation is that debt gets paid down. The 2nd ball mill revenue should be allocated to funding the reprocessing of the tailings at Campo and the revenue from that tailings should fund drilling. Thats how i would be running this company. I wish i bought more below 30 cents as this is nuts that no one sees this. What are we missing? I suspect its the iverhang of the debt and Accendo Bank shares. But come on...company earning 10.5 cents adjusted earnings is amazing when its trading at 30 cents.
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