RE:New Press Release - Luca Mining Corp. Announces an All-In $33M Financing PackageLuca's timing might be very good. Commodities are a good place to be while the future value of the US dollar seems to promise devaluation as the world is de-dollarizing from its reserve currency.
Gold production might be realized at Tahuehueto while the price of gold is relatively high... Hopefully, this financial package will be all that is needed to posture Luca solvent and profitable. The size of the profits when all the development is operational will determine that.
The price for the commodities produced is an unforeseen variable, with gold and silver prices probably reflecting monetary roles that will differ from the industrial metals as BRICS and others return to asset-backed currencies.
Luca's share float is going to 88M without exercised warrants and the other 11M-share dilution to deal with Luca's debt. Regardless, whatever the total float winds up being, it shouldn't be too bad if the company generates a lot of profit.
These times might send precious metals (and even industrial metals because of their intrinsic value) to ridiculous prices, so I see Luca as a pretty good spec.
Let's see the metal prices and what Luca produces at the end of the year. A lot is bound to happen between now and then. GLTA