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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Metals & Mining Industrial Metals & Minerals
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

Luca Mining Corp > with
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Comment by TheRexmemberon Apr 21, 2024 11:24pm
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Post# 36000631

RE:RE:RE:RE:RE:RE:RE:RE:RE:with

RE:RE:RE:RE:RE:RE:RE:RE:RE:with

That would be Chen he has a newsletter What is Chen buying...

100% they have to deliver for real money to be made.

One thing I am not sure about is how long after production does the money show up. Or how much of a delay is there berween shipping ore and receiving a cheque. Do they realize higher metal prices immediately or is there a multi month delay? 

FWIW I keep checking in on Cerro De Pasco too. Lots of history associated with that mine with previous owners. A few guys I asked wouldn't touch it but the shear economics of simply digging and sending a slurry down hill in a pipeline and  reasonably high grades. Apparently Glencore is also willing to subsidize start up costs to defer or eliminate huge reclamation costs. 

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