LCL 0.00% 0.8¢ lcl resources limited

Ann: Quinchia Gold Project (Colombia) Update, page-73

  1. 1,678 Posts.
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    The company spent millions of dollars drilling and increasing the Resource to 2.6Moz.

    Tesourito, Das Quebradas and Ceibal deposits receive an exploration campaign and add a lot of potential Economics into the project.

    The company gets all the permits to develop Miraflores (underground as a start)

    Company get scared of exploring in Colombia with leftist goverment. and abondon exploration.

    Go drilling in PNG and consolidate a huge tenement of potential Gold Nickel.

    Nickel prices crates, Sulphite nickel no longer essential, Chinese with Indonesia finds a way to convert laterite in nickel sulphites, nickel explorers all in the rubish bin.

    Then company remembers they assets in Colombia were actually what most investors were interest.

    Mining companies is still developing and are interest in buying Quinchia.

    Shareholders keep bashing the company after they get ride of management and update the market.

    Future is a lot better with less expense and more money to focus on drilling.

    Shareholders only see the negatives and keep bashing the company when trading at 52w lows.

    Well that is a buy signal for me.
 
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