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Ann: Quinchia Gold Project (Colombia) Update, page-41

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richardlow

339 Posts.

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05/05/24

23:28

Post #: 73675618
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Originally posted by goldfan: ↑

LCL Resources have disappointed and made multiple bad decisions as I mentioned right here. Most explorers are can be found at 52wl.

I can see how disappointed you were and don't believe in it. Fair enough. Stay clear.

However, they have over $2.5M cash and a 2.6moz shovel ready project with a lot of potential. There is value there for a developer or producer.

Collective mining don't even think have MRE for their deposit and managed to attracted a shareholder with $18M.

It just go to show what a bad decision was the switch and abandoning Colombian projects. Those are my thoughts.

Management FINALLY comes and update the market they RECEIVED THE FOREST PERMIT.

Massive step to de-risk the project.

Unfortunately, management did an AWFUL JOB in promoting their Colombian projects.

Which I always wondered why?

I am happy they have finally signal they will go back into their core and valuable asset.

Clearly unloved and laughed at... But there is potential for a massive rerate but least see if management can better sell their projects and change some minds.

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You have to make a correction. It's not 2.6Moz shovel ready. ONLY 800KOz of Miraflores project is shovel ready and it's an underground mine according to the latest PEA. The permit is only for the Miraflores project, NOT including Tesorito and Dosquebrados. It's also a lie to the market when they estimated the reserve of Tesorito with open-pit mining method, where Colombia is currently banning this method for mining.

LCL Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $8.683M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$834	92.69K

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No.	Vol.	Price($)
3	955320	0.9¢

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0.010	3436843	7
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Ann: Quinchia Gold Project (Colombia) Update, page-41

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Ann: Quinchia Gold Project (Colombia) Update, page-41

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