Producing cash??? Up until now, LCL only submitted EIA based on Miraflores, which takes more than 6 months to approve. Surely the 8m will be burnt off by the time it got approved if luck is on LCL side. Don't forget Miraflores is an underground mine, and it is very expensive to develop an underground mine. You expect them to raise 50m at the current price? Let's talk about how to secure the fund first before the development.
I would hope that they sell the asset in Colombia and focus solely on PNG. MEI is a good example, they sealed the deal in selling their gold project for 30m, which was used it to get a rare earth project and fund for its exploration. See how hard MEI's SP skyrockets now. Why can't LCL do this too???? There must be a problem with the Quinchia mine, so no JV opportunity, no TO opportunity, and eventually no fund in moving forward.
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