Following are a few brief comments that I picked up from the AGM. All resolutions passed. Full board present.
William Howe gave a presentation after the formal business, and noted now that the corporate side of things have been tidied up, ie 100% ownership of all projects, no buy-back rights remaining etc they can advance at haste the 3 main projects towards development.
Los Calatos
- 4 drill rigs currently, moving to 6 in a month and 8 in two to three months. They have to truck water day and night to drill. On this point if it becomes a mine sounds like they would pump sea water (as previously posted elsewhere)
- They are currently drilling deep specific holes, it is a very big porphyry system.
- 100,000m's of drilling required before they know ultimately what grade they will have and what an open pit would look like
- drill holes up to 700m from current resource are mineralised
- down to 1800m and still probing for the southern contact (any geo's out there care to comment on this?)
- very well mineralised system
- one of the best located projects today in Peru.
Mollacas
- ready to 'push button' on pre-feasibility study. Small project, great economics.
Vallecillo
- significant upside
Above are some of the things I took away from the meeting, hopefully accurate but don't rely upon it please. If anyone else was there please add/or correct this post.
IMO the MD, William Howe was very impressive, seemed like he knew his stuff very well, was no BS and not on the sell. Just matter of a fact which is not surprising given the significant amount of cash they have raised recently, no need to BS the punters.
Very glad I went to hear from the MD.
- Forums
- ASX - By Stock
- some agm comments
Following are a few brief comments that I picked up from the...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LCL (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.754M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $5.544K | 792K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 4263008 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 24475 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 4263008 | 0.006 |
9 | 5028080 | 0.005 |
4 | 3378763 | 0.004 |
1 | 600000 | 0.003 |
2 | 1400000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 24475 | 1 |
0.008 | 3618376 | 6 |
0.009 | 1720512 | 7 |
0.010 | 7957973 | 11 |
0.011 | 849999 | 2 |
Last trade - 10.04am 31/07/2024 (20 minute delay) ? |
Featured News
LCL (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online