La Mancha Resources Inc LACHF

Production ownership

[RedHorizon]

There was a question about whether the 85-100,000 ounces was net to them after their partners' interest.  These numbers are in fact net to them.  The presentation is very clear about this.

GLTA

[RetiringYoung]

Thanks to ppp and RedH for answering the net question. I met these guys at a the PDAC but they were the last booth I got to right at teardown. I'll call them next week since my remaining questions are about eventual mine life since I read White Foil has only two years left at present (30K oz for 2.33 years)Frog's Leg, Ivory Coast and Sudann 5-10 years - would like to see them find 100K oz

[Framfond]

RetiringYoung!You are having good questions!White Foil is not even included in the number presentation I made in my last post. They are trying to get a milling agreement for 2,3 years for the proven reserves to get an early cashflow (30.000 oz/year). With good luck they will start already this year. After that they might build a mill with a capacity for maybe 60-70.000 oz/year (my guesstimate), as

[Framfond]

RetiringYoung & others Read about the reserves and resources here:https://www.lamancharesources.com/2/02-20_exploration_program_2009_Final_ANNEXES.pdfWhite Foil phase 1 production - Only reserves White Foil phase 2 prodution - Measurded+Indicated resources + future exploration success All numbers are net to LaMancha.