Bullboard - Stock Discussion Forum 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... see more

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Luca Mining Corp > The only

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Post by okgonow on Apr 21, 2024 11:36pm

The only

Thing that's bugging me at this point is the lack of communication regarding progress on having reached full capacity at Talue ... mine .

And what they are doing to find a guy like Struthers to keep things on track

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Comment by okgonow on Apr 22, 2024 5:42am

Well someone heard me .....lol we have a monster in the making

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Comment by okgonow on Apr 22, 2024 5:52am

The way I read it they produced 14148 oz of gold equivalent in Q1 at an average price of let's say $2000 gold that's $28296000 for the quarter . That far exceeds any previous Q in their history get those plants up and running at name plate capacity!!!!!

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Comment by diggin78 on Apr 22, 2024 7:09am

Yeah, they just produced over half their market cap in one quarter. Thats good, right?!

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Comment by okgonow on Apr 22, 2024 7:19am

Market cap at $.45 per share is $74.64 mill so over a quarter of market cap with not being at full production ( Tahuehueto ) and full optimization at Campo Morado is effing fantastic the short interest is at just over 20000 shares only crazy people are betting against them now!

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Comment by okgonow on Apr 22, 2024 7:47am

Looking at PR again Campo is running at about 70% capacity (1600tpd of 2400tpd) plus not fully optimized Tahue... is at only 60% NPC so campo produced 10491 gold equivalent add 30% that's just over 4000extra oz plus whatever they can get extra on optimizing even on low end of extra 10% that's another 1400oz so total for Campo should be in the neighborhood of 16000 oz gold ...more

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Comment by diggin78 on Apr 22, 2024 8:22am

Yes, and if the $1000 Aisc cost pans out, we're looking at 21-24 million in profits per quarter, which on the low end would exceed the current value of the company on an annual basis by a mile. Hopefully we get a chance to buy more this morning with the minor pullback in precious metals we're seeing right now. That would be a real gift to be able to add ...more

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Comment by okgonow on Apr 22, 2024 6:47am

I seem to remember that in a PR late last year Mile Struthers mentioned that AISC would be $1000 per oz the thing I can't remember is if that was just for new mine or both mines combined?!

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