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0.9¢ lcl resources limited

Ann: 1.3Moz Resource at Tesorito grows Quinchia to 2.6Moz gold, page-231

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newbie2016

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11/04/22

23:14

Post #: 60794775
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Originally posted by littleblackduck: ↑

Was told to have a look at a TSX listed company with operations in Columbia and other parts of South America..

Though the style of mineralisation and mining technique are not applicable for LCL projects, it is interesting to see this company producing Au and even paying small qtrly dividends to shareholders over the last year and longer. Recently listed on TSX to gain capital and obviously more exposure outside of Columbia,

Mineros is a Latin American gold mining company that has been operating for almost fifty years. Although new to the TSX, the Company has a long history of profitability and payment of dividends to shareholders on the Colombia Stock Exchange. Mineros has a diversified asset base, with mines in Colombia, Nicaragua and Argentina. 2020 production totaled over 270,000 ounces of gold. The Company has a robust portfolio of exploration to development-stage growth assets throughout Latin America.

Little early to be a fair comparison as LCL not producing but we can see where we might end up.

Have advantage of plant in operation already but treating significantly lower grade material (by different methods) but total is probably half of what LCL have identified already...

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WAF, 6.8Moz 1.0g/t Au, MC 1.3B?

LCL Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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