LSA is currently drilling the boundary of the two tenements for copper. It is likely that the Andacollo copper resource continues into LSA's mining area.
Teck says "Camen de Andacollo sold an interest in future gold production to Royal Gold, Inc. equivalent to 75% of payable gold produced until cumulative production reaches 910,000 ounces of gold, and 50% thereafter.
Carmen de Andacollo is an open pit mine which produces copper in concentrates from the hypogene portion of the orebody. Copper cathode production from the supergene portion of the orebody is currently approaching completion.
The mine?s life was recently extended by approximately 20 years with the achievement of commercial production at its new copper concentrator."
What would a 20 year plus copper resource do to LSA's shareprice? Copper and gold drill results must be due out soon. Maybe before consolidation in June 2011. Sky appears to be the limit for LSA on good drill results.
Mind boggles.
LSA Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
