US lobbied Greenland rare earths developer Tanbreez not to sell to China
President-elect Trump has expressed interest in taking control of the island.
For a while, Lumina Copper (LCC) shares defied gravity. As of Mar. 28, when shares closed at $17, the stock had a one-year return of 150% — while most TSX Venture stocks were getting pummelled.
LCC is developing its Taca Taca copper-gold-molybdenum deposit in the Salta province of Argentina, 90 km east of BHP Billiton-Rio Tinto-owned Escondida, the world’s largest copper mine. Drilling isn’t finished yet, and the Taca Taca deposit already hosts more than 20 billion pounds of copper and more than 5 million ounces of gold in the indicated and inferred categories, as well as molybdenum. In other words, it’s a monster.
