No, it's not just that, it's the confidence that the Collective...

No, it's not just that, it's the confidence that the Collective Mining team is capable to demonstrate to the market. Collective Mining comprises the ex-Continental Gold team, renowned for their remarkable success story in Colombia. This ex-Continental Gold team has developed a greenfield project into one of the world's largest and ultra-high grade gold mine, Buriticá gold mine. They achieved significant milestones, including successful greenfield target drillings, securing permits, and leading the construction of the mining site in Colombia. Ultimately, they sold the Continental Company to Zijin Mining in 2020 for C$2 billion (EV). This is something LCL has NEVER shown to the market, which explains why the plummet in their share price.

On the other hand, LCL has remained stagnant with the Quinchia project for YEARS!!! What is particularly frustrating is their abrupt shift towards PNG, marketing it as a "reset" for shareholders. Little did they know it is the Colombian project that allowed them to raise up to $20millions in 2021, but they didn't cherish it, showing no urgency to move things forward,even neglecting to establish open communication with the local Indigenous community.

This company has been led to a wrong place, being spruiked by multiple parties but showing no results. As you can see here on HC, there are some shareholders just shouting baseless flowery language even when the company is not moving forward. Now finally someone is talking sense here and reviving the Colombian story. As the Colombian government prepares to introduce a bill to reform the mining code in the coming months, there is significant potential for small-scale and artisanal mining ventures to benefit. The Miraflores project may align well with the concept of small-scale mining, thereby generating considerable interest in the market.