CEL challenger gold limited

Check out Lumina Gold. The Cangrejos deposit (17moz) is right...

  1. 1,799 Posts.
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    Check out Lumina Gold. The Cangrejos deposit (17moz) is right next door. It's the same orebody that runs onto CEL ground.
    https://luminagold.com/projects/cangrejos-project/reserves-and-resources/
    Ross Beaty is the ultimate deal maker. Kris swaps Ecuador assets for LUM paper.
    The Globe and Mail reports in its Wednesday, April 2, edition that RBC Dominion Securities analyst Michael Siperco commenced coverage of Lumina Gold with an "outperform' recommendation and $1.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $2.16. Mr. Siperco calls Lumina Gold "one of the largest undeveloped gold projects globally." Mr, Siperco says in a note: "We expect the upcoming feasibility study (2Q25) to outline a more than 25 year mine life at 450kozpa AuEq, with costs at around $1,000/oz and initial capex of $1.2-billion, solid economics on our $2,200/oz long-term gold price (stronger still at spot), making Lumina a potential M&A target. Lumina trades at a significant discount to peers, which we see shrinking as milestones are reached, including project financing and final permitting through 2026. Management is experienced, and the company is supported by mining entrepreneur Ross Beaty (28 per cent) as part of the Lumina Group. ... Potential acquisition target. ... We see potential for M&A ahead of construction, with further project/permitting milestones acting as catalysts."
    Last edited by HarryKane: 09/04/25
 
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(20min delay)
Last
9.0¢
Change
0.000(0.00%)
Mkt cap ! $186.0M
Open High Low Value Volume
8.6¢ 9.0¢ 8.6¢ $26.55K 297.9K

Buyers (Bids)

No. Vol. Price($)
3 274217 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 464911 2
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Last trade - 11.13am 30/07/2025 (20 minute delay) ?
CEL (ASX) Chart
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