$LUCA.V ($LUCMF) - The Mid-Tier Turnaround 🇲🇽⛏️ 0. Summary: Transformative acquisitions and massive debt reduction are creating a highly profitable polymetallic producer. Full deep dive 4 free: https://t.co/WRopX030uN 1. Company: 100% Mexico-based. Financial debt reduced to <US$1 million (excluding leases). ~38% of shares held by strategic anchor investors. New metallurgical processes set to increase future recovery rates. 2. Product: A resilient 50/50 revenue mix of precious metals (Ag/Au) and base metals (Cu/Zn/Pb). 3. Valuation: Extremely undervalued at ~0.26x P/NAV. Current enterprise value stands at ~US$470 million, despite an impending explosion in cash flow. 4. 2027 Forecast: A 130% surge in production to 55 kt CuEq. The company is projected to generate US$127 million in free cash flow (US$0.24 per share). 5. Peers: LUCA is outpacing junior peers like GoGold or Heliostar and catching up to mid-tier producers, offering significant potential for a re-rating. 6. 2030 Forecast: The company is expected to be entirely debt-free, with four active mines and massive FCF scaling. 7. M&A Potential: An ideal acquisition target for major players seeking high-margin copper and silver assets in Mexico. 8. Catalysts: The closing of the Cozamin acquisition is scheduled for Q4/26, alongside the release of updated NI 43-101 resource reports. 9. Opportunities / Risks: Substantial exploration upside at Cozamin is balanced against typical M&A closing risks and country-specific risks. 10. Conclusion: LUCA is a rare, fully funded growth story that offers asymmetric upside through alignment with the peer average. Disclaimer: Not financial advice. May hold positions. Personal opinion. Always conduct your own due diligence (DD).

Deep Dive in silver mining in mexico: Silver Storm Mining ($SVRS.NE ) 0. SUMMARY Silver Storm Mining ($SVRS) is the ultimate turnaround play in the silver sector. The restart of the fully permitted La Parrilla Mine brings near-term cash flow, while the San Diego project offers massive exploration upside. A de-risked asset providing high leverage to rising silver prices. 🏢 1. COMPANY INTRODUCTION a) Company: $SVRS is a mining company reactivating the historic La Parrilla silver mine complex in Durango, Mexico. b) Shareholders: Strong backing with 70% Retail/Other, 15% First Majestic, 13% E. Sprott, and 2% Insiders. c) Past to Future: Between 2006 and 2019, La Parrilla produced over 34 million ounces of AgEq under First Majestic. Operations were placed on care and maintenance in 2019 due to low commodity prices. Following the $SVRS acquisition, the plant was successfully rehabilitated in Q2 2026. The first doré pour took place in June 2026, and the company is targeting steady-state production by Q1 2027. d) Technology: The mine utilizes an expanded sulphide flotation circuit with a 1,250 tpd capacity (a 25% increase) to better align with the mineralization profile. Underground, a modern fleet of Siton equipment is deployed for haulage and drilling. ⛏️ 2. PRODUCT & DEVELOPMENTS ⛏️ The company produces silver-gold doré bars alongside lead-silver and zinc concentrates. A 100% offtake agreement with Samsung C&T guarantees the sale of concentrates at market prices. Currently, a 15,000m underground drilling program is underway to expand the resource base across the Rosarios, San Marcos, and Quebradillas zones. The first concentrate shipment was successfully completed in July 2026. 📊 3. VALUATION SNAPSHOT 2026 Market Cap is approx. $383M CAD. Enterprise Value (EV) stands at $386M CAD. Net Debt is $2.21M CAD ($11.03M CAD total debt minus $8.82M CAD cash), strictly calculated without leasing. The trailing 12-month EBITDA is -$23.36M CAD, reflecting the heavy capital expenditures during the recent ramp-up phase. 💰 4. PRODUCTION GOALS & REVENUE (SPOT PRICES) The primary goal is reaching steady-state operations in Q1 2027. Historically, the mine delivered an annual average of 3.52M ounces of AgEq. Applying the latest all-time high spot prices (Silver $54.65/oz, Gold $3,996.50/oz, Lead $1,894.60/t, Zinc $3,744.08/t) to this output yields a potential gross revenue of roughly $192M USD per year! ⚖️ 5. PEER GROUP COMPARISON Compared to the largest undeveloped primary silver projects in Mexico, the San Diego project stands out massively with 209M ounces of AgEq (M&I plus Inferred). With a potential resource expansion reaching up to 390M ounces of AgEq, it far exceeds notable peers like Cerro Las Minitas (301 Moz) or Los Reyes (282 Moz). 🔮 6. FORECAST 2030 & VALUATION Assuming a stable production rate of 3.5M Moz AgEq and current silver prices near $55/oz, an operating EBITDA of $120M to $140M USD annually by 2030 is highly realistic. Applying an industry-standard EV/EBITDA multiple of 8x results in a target EV valuation of over $1B USD. This implies a massive 200% to 300% return upside on the current EV. 🤝 7. ACQUISITION POTENTIAL First Majestic already holds a 15% equity stake. Once La Parrilla generates consistent cash flow and its reserves are fully validated, $SVRS.NE becomes an absolute prime takeover target—not only for First Majestic but also for mid-tier producers seeking de-risked assets in the safe mining jurisdiction of Durango. 🚀 8. CATALYSTS (6-12 MONTHS) Reaching steady-state production capacity by Q1 2027. Ongoing release of assay results from the expanded 15,000m underground drill program. A potential updated Mineral Resource Estimate for the La Parrilla mine. The initiation of a new drilling program at the San Diego project. ⚠️ 9. OPPORTUNITIES & RISKS Opportunities: A structural global silver deficit (forecasted at 4% greater than supply in 2026) provides strong price support. Furthermore, the 57 Target at San Diego confirms substantial open-pit potential. Risks: Standard execution and technical risks associated with ramping up a mine, commodity price volatility, and general regulatory/funding risks inherent to the Mexican mining sector. 🎯 10. CONCLUSION Silver Storm is perfectly positioned in the sweet spot of the Lassonde Curve. Armed with an in-place infrastructure boasting a $150M USD replacement value, the capex risk is incredibly low compared to industry peers. For investors looking to maximize leverage on the current silver bull run, this is a prime asset transitioning directly into cash flow generation. Disclaimer: Not a financial advice. May hold positions. Personal opinion. Always do your own DD.

$SKA.L (#ShukaMinerals) just derisked the Kabwe Pit 2 project with certified ALS laboratory assays from drill holes KBDD01-05, officially validating earlier pXRF readings. Following the recent KBDD11 "Sperm Whale" discovery, these certified results confirm Tier-1 base metal intercepts and completely rewrite the project's future economics. Core Intercepts: • KBDD03: 19.95m @ 29.07% Zinc from 221m • KBDD01: 21.34m @ 13.37% Zinc from 206m • Peak individual assays hit a massive 48.5% Zn in both KBDD03 and KBDD05. Management is optimizing the project model by dropping the historic 10% zinc cut-off grade to 5%. With global Zinc spot prices trading at ~$3,913/t, capturing these wider mineralized intervals makes perfect economic sense. Even when constrained to the legacy 10% threshold, KBDD03 still maintained its footprint of 19.95m @ 29.07% Zn. Impact on Mine Future & NPV: This isn't just an exploration win; it fundamentally transforms Kabwe's Net Present Value (NPV) and future mine plan. CEO Richard Lloyd's target of a 50%+ resource expansion directly drives a longer Life of Mine (LOM) and unlocks massive scale economics. Lowering the cut-off grade to 5% significantly bulks out the extractable tonnage in the block model, maximizing resource recovery. Operationally, the blend of near-surface high grades for rapid payback (low-CapEx early open-pit) combined with these ultra-thick >29% Zn intercepts at depth creates a highly lucrative mine schedule. As these certified grades are plugged into the upcoming economic studies, expect the baseline NPV to surge. Furthermore, if pending assays confirm critical tech metals like Gallium, Germanium, and Silver, those byproduct credits will heavily compress All-In Sustaining Costs (AISC), supercharging the DCF valuation. The valuation disconnect remains staggering. Shuka is currently trading at a micro-cap valuation of just ~£5.6M (at ~3.20 GBX). The transition from speculative pXRF to certified lab reality establishes a hard baseline for the updated Mineral Resource estimate, moving this asset rapidly toward development or a strategic buyout by a mid-tier producer. Disclaimer: Not a financial advice. May hold positions. Personal opinion. Always do your own DD. https://t.co/y1YjlydXek