Luca Mining Corp V.LUCA

New Press Release - Luca Mining Announces Major Exploration Program

VANCOUVER, BC, July 31, 2024 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce plans for an exploration drilling campaign at both Campo Morado and Tahuehueto. Approximately 5,000 metres will be drilled at each project...read article.

[diggin78]

I'm assuming this means that they're now making plenty of money, or am I just being naive? The plan may be to expand the resource and sell the whole thing. Who knows?

[okgonow]

all the PR and everything being posted by the firm they hired isnt doing anything at the moment ,it seems to me that investors are still firmly in show me the actual numbers camp after all the years of overpromiss and way underdelivery on mine build etc. but once they do show us the money and proper production this will be a $1.50+ stock by end of year They need to deliver the goods!!!!!!!!!!!!!

[666999]

AISC $ 1500 Production 70.000 Au eq/ year Mkt cap 250 M USD                       100.000 Au eq/ year Mkt cap 400 M USD                      200.000 Au eq/ year Mkt cap 700 M USD Agree, that investors are waiting for results, this could be great story, good drill results

[Spikearoo1]

All good thoughts.  Let's hope that they don't do something stupid and try and make an acquisition in the market taking their focus off what they already have.  The old saying bird in the hand vs 2 in the bush. Way back there was talk of LUCA looking for a 3rd acquisition.  Let's focus on what we have and get that tuned up, tailings processed, some drilling to expand

[GoldfingerU3O8]

In their investors presentation they state in slide 3: 2.7 mm oz Au Eq resources with upside. As I understand it, this would be sufficient for 27 years if they produce 100 K AU Eq per year.  Therefore I think the goal is to find higher grades. Just an example: Imagine, they are right now having a Gold Eq grade of 5 g per ounze. Imagine if they are finding something with 7.5 g Gold Eq per

[GoldfingerU3O8]

sorry guys, there is a typo: it should say Gold Eq grade of 5 g per ton  Imagine, they are right now having a Gold Eq grade of 5 g per ton. Imagine if they are finding something with 7.5 g Gold Eq per ton. Their revenue would dramatically increase (while cost  would nearly stay the same) and the profit would rise even higher