Luca Mining Corp V.LUCA

Alternate Symbol(s): LUCMF

Metals & Mining Industrial Metals & Minerals

Luca Mining Corp. is a Canada-based mining company operating in Mexico that engages in exploration, development and operation of polymetallic mineral resource projects in Mexico. It offers a portfolio of two advanced projects: Tahuehueto and Campo Morado. The Company's Tahuehueto Gold Mine Project is in north-western Durango State, Mexico where construction of an initial 500 tons per day (tpd) operation is well advanced. The commercial production, the 1,000 tpd project, shall follow immediately after commissioning the initial stage. The operation is generating gold, silver, lead and zinc in concentrates. Its Campo Morado is an operating polymetallic base and precious metals mine producing at an average of 2,400 tpd, generating zinc and copper concentrates with significant precious metals credits.

TSXV:LUCA - Post by User

Luca Mining Corp > Barnholden

<< Previous

Bullboard Posts

Next >>

Comment by okgonowon Sep 12, 2024 12:02pm

54 Views

Post# 36220511

RE:RE:RE:RE:RE:RE:RE:Barnholden

666999 wrote: Will there be more dilution, looks like small investors are not important, think that share price will not recover so fast, damage is done, share count is already high, who thinks it will go to $ 3 is very wrong, but I agree that LUCA is undervalued, good volume today

with Pog above 2500$
all debt paid off
2 mines running at full capacity and optimization
drill campaigns with expansion of resources at least doubleing mine life if not more
and AISC coming down...due to operational improvements

all this with millions in the bank to possibly add capacity over the next 2 years

share buybacks/ dividends?

I see Luca SP at a minimum of 3+ a share

There is no reason to further dilute shareholders in the near term possibly when SP is much higher $2+ for strategic acquisition.... but we are a long way from that there is lots of upside potential at the two mines we own now