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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 okgonowon Apr 30, 2024 10:00am
112 Views
Post# 36014571

RE:results

RE:results
okgonow wrote: having had Q1 relesed before Q4 it showes the improvement of thruput and optimization showing how it enhances the upside significantly!!

Q4/23 =

Total production amounted to 11,808 ounces of gold equivalent ("AuEq"), which was comprised of 3,155 ounces of gold, 155,763 ounces of silver, 2,730 tonnes of zinc, 671 tonnes of copper and 558 tonnes of lead.


Q1/24 =


Q1 2024 production of 14,148 troy ounces (oz) of gold equivalent (AuEq) as its Tahuehueto gold and silver mine ramps up toward its 1,000-ton-per-day commercial production target and the optimization program rapidly progresses at Campo Morado.



42% increase in ore truput of mines and Campo is still only running at 1600tpd of the 2400tpd rate thats 2/3 capqcity in Q1

Talu was only running at 60% of design rate in Q1

so if they get both mills to design rates that will increase AU equivilant production to about 25000-28000 oz of AU equivilant. not taking into consideration any recovery rate increases and seperating the concentrates (wich they are working on)

also with the increase of POG/Copper/Zinc wich will start to show now in Q2 tis is truly the best value play in the industry!! IMO

so for this year on the low side we have 

Q1                        14000 AU
Q2 ? but assuming 17000AU
Q3 ? but assuming 22000AU
Q4 ? but assuming 25000AU

i think these are conservative figures

Total 78000AU at an average of $2200 per OZ = $171,600,000

holy cr.ap or market cap right now is $73,810,000 thats more than double our market cap right now on conservative figures 


PS; and dont forget about this ,it hasent come up in a bit but emagin if this happen on top of whats going on and with POG the economics make evenj more sense

the signing of a memorandum of understanding, dated August 1, 2023, to process the tailings at Luca’s 100% owned Campo Morado Mine in Guerrero State, Mexico (the “Project”).

The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”) tailings that are currently being stored in Campo’s original tailings storage facility. These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based on Luca’s internal estimate from historical production records).

EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project. The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment ("PEA").


 




at $700per oz AU profit (again very conservative) with the 78000 oz estimated mined this year we are looking at 

$.34 per share of income for 2024

and we trade at $.445 with no multiples aplied 

This is beond crazy i shure hope the market takes notice soon and we start to see some re-rating and increase in SP 
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