Author sees LUCA as a good silver play outside China, expecting a flip to net profits due to bulk separation and improving feedstock.
LUCA.V — LONG The author analyzed Luca Mining's latest quarterly reports and sensitivity table, applying conservative adjustments to grades. He expects new bulk separation of lower-value materials plus better feedstock in Q4 2025/Q1 2026 to drive the company to net profits. He views LUCA as a good silver exposure outside of China and initiated a $10k position at $1.57 average, while noting operations still need fine tuning.
With this and the new bulk seperation of their lower value materials I see good potential. One thing for sure unless something unforseen happens I see them flipping to net profits.