Lumina Gold Corp V.LUM

Alternate Symbol(s): LMGDF

Metals & Mining Gold

Lumina Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resources in Ecuador. It is focused on Cangrejos Gold-Copper Project, which is located in the foothills of the Andes in the southwest of Ecuador and lies 30 kilometers (km) southeast of Machala, the capital of El Oro Province, and 150 km south of Guayaquil, Ecuador’s largest city. The Cangrejos Project was the discovery of gold-copper mineralization in a porphyry environment. The Company has approximately six contiguous mineral concessions located near Machala in southwest Ecuador, which covers a land area of approximately 5,682 hectares. The Company owns or controls approximately 1,730 hectares of land / surface rights, which cover various locations with respect to the known and potential targets. The Company’s subsidiary is Odin Mining del Ecuador S.A.

TSXV:LUM - Post by User

Lumina Gold Corp > Lumina's NPV ?

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Comment by stocksnbondson Feb 01, 2021 2:33pm

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Post# 32438578

RE:Lumina's NPV ?

Not to rain on your parade but gold will not be 2300 by the end of Q1 nor will CU be $4.
I agree the numbers in terms of what has been found is staggering but the reason why LUM cannot get fair market value for what they have in the ground (key is in the ground) is that it's in one of those "iffy" locations.

If you need to plough over a billion in facilities to extract both copper and gold, you want to make sure that your permits/title/capital will not be taken away. There is major country risk at the moment. I have a small position but not silly enough for a full weighting as of right now.

Good luck to all,

sb

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