LCL 11.1% 0.8¢ lcl resources limited

Ann: 1.3Moz Resource at Tesorito grows Quinchia to 2.6Moz gold, page-402

  1. 4 Posts.
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    The biggest concern I have is for the mining permit to be approved.

    with the turn around time for results being quite long and Jason already stating it costs around 1.2mil a month in drilling costs then how many potentially good results are we going to have before another CR?

    and worse yet I don’t see the market reacting that great to even some positive drill results because the mining permit is still yet to be approved.

    are we in the position where the price drops more,
    then best case scenario we see a small increase on the back of some positive news and gold price but no use if we cannot pull any of it out of the ground.

    worst case is we have some poor results and it keeps dropping.

    anyone have any experienced input into the mining permit and how this works from the management side of things because I feel like this should have been a major focus before releasing an MRE without a permit yet?
 
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