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 Corporate Profile: Luna Gold Corp
    Publisher: Kaiser Research Online
    Author: Copyright 2009 John A Kaiser

 

Luna Gold Corp (LGC-T)

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Luna Gold is a Brazil-focused junior led by CEO James Bahan and Chairman Marcel de Groot. The company is focused on its flagship Aurizona project in Northeast Brazil's Maranhão State that has provan and probable reserves of 500,000 gold ounces at grades of 1.37 gram per tonne that are part of a measured and indicated resource of 909,000 ounces, while inferred resources are 11.9 million tonnes grading 1.14 grames per tonne totalling 403,000 ounces. A July 2008 feasibility study forecast a mine life of 7.5 years with annual production of 60,000 ounces at cash costs of $422 per ounce, requiring capex of $47.5 million. An early 2009 private placement, and an offtake agreement with Sandstorm Resources, provided construction funding, and Luna is now developing the project twwards production. For 2013, the company has forecast gold production of 105,000 ounces, at a cash cost of $710 per ounce. Completion of phase I of Aurizona's expansion is expected during the fourth quarter of 2013, and this should increase Aurizona's production run rate to an equivalent of 125,000 ounces per year.

Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
Luna Gold Project Valuations
CompanyProjectCountryStageIPV $
MM

$100
UPV
$500

$2000
Target MetalsDeposit Style
Key Company Projects
Luna Gold Corp (LGC-T)AurizonaBrazilProduction $77 GoldShear
Luna Gold Corp (LGC-T)CachoeiraBrazilPEA $157 GoldShear
Brazilian Gold Exploration
Amarillo Gold Corp (AGC-V)Mara RosaBrazilPrefeasibility $25 GoldShear
Colossus Minerals Inc (CSI-T)Serra PeladaBrazilConstruction $11 Gold Platinum PalladiumSediment Hosted
Coventry Resources Inc (CYY-V)MatupaBrazilInfill & Metallurgy $0 GoldQuartz Vein
Magellan Minerals Ltd (MNM-V)Cuiu CuiuBrazilInfill & Metallurgy $19 GoldSheeted Veins
Talon Metals Corp (TLO-T)Agua BrancaBrazilDiscovery Delineation $11 GoldVein / Shear
Advanced Brazilian Gold Projects
Brazauro Resources Corp (BZO-V)TocantinzinhoBrazilPrefeasibility $476 GoldStockwork / Veins
Jaguar Mining Inc (JAG-T)TurmalinaBrazilProduction $120 GoldShear / Vein
Belo Sun Mining Corp (BSX-T)Volta GrandeBrazilPermitting & Feasibility $131 GoldShear
Troy Resources Limited (TRY-T)AndorinhasBrazilPrefeasibility $84 GoldVein / Stockwork
Success Stories
Desert Sun Mining Corp (DSM-V)JacobinaBrazilProduction $1,070 GoldPaleoplacer
Gold Eagle Mines Ltd (GEA-T)Gold EagleCanadaInfill & Metallurgy $1,200 GoldVein
Western Goldfields Inc (WGI-T)MesquiteUnited StatesProduction $448 GoldOxide

 
 

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