Australia's largest stock trading and investment forum Australia's #1 stock forum

LCL

0.00%

1.0¢ lcl resources limited

More likely once the resource is sured up and JORC complete...

First 19 Last

Share
Profile

Follow
jkg93

240 Posts.

114

19/03/21

11:04

Post #: 51890011
Share

Originally posted by Smellard: ↑

To give you a bit of an insight into the real potential here, La Colosa, a gold project located nearby to our Quinchia portfolio, had an estimated 29million ouches of gold in the ground. Now if you have a calculator that can do maths at say roughly $2000 aud/oz then that’s how you get multi-billion dollar market caps. Mine calculator says error, so that’s how big the number is.

Our first objective is to drill the F out of these projects to make a picture of how big these porphyry systems really are. Then we can getting an official estimation of how much gold is in the ground (JORC). After all that, then we talk about production, but my guess would be potential takeover and a healthy payout to us shareholders.

Now obviously 29 million oz if a mother-load and best case scenario, but the whole area of the mid-Cauca porphyry belt, is scattered with multi million oz mines, including 11 million oz Marmato mine, which is also next door to us.

So before you decide to take a couple pips profit, think of the potential. It may take a 100 or more drill holes to give us an idea of the exact size, but every result gets us closer. And think the more holes we drill, the bigger the system!!

Expand

More likely once the resource is sured up and JORC complete Anglo American will swoop in and/or veto any other possible takeover bid. They hold the power here.

LCL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 1,198 more messages in this thread...

First 19 Last

Add LCL (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $9.648M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$9.569K	956.9K

Buyers (Bids)

No.	Vol.	Price($)
3	625910	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	845077	3

View Market Depth

No.	Vol.	Price($)
3	625910	0.010
6	1883330	0.009
7	2779466	0.008
10	4670131	0.007
8	4813333	0.006

Price($)	Vol.	No.
0.011	845077	3
0.012	1927405	5
0.013	1500000	1
0.014	965428	3
0.015	342768	3

Last trade - 14.05pm 27/09/2024 (20 minute delay)

LCL (ASX) Chart

More likely once the resource is sured up and JORC complete...

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

More likely once the resource is sured up and JORC complete...

Top Stories

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News