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Canaccord Genuity Initiates Coverage on Lumina Copper (TSXV:LCC) - Video Summary Posted on

February 19, 2012 - Vancouver

Investment firm Canaccord Genuity, initiates Coverage on Lumina Copper (TSXV:LCC). Analyst Wendell Zerb gives the company a speculative buy rating and a $19.80 price target. has produced a "video news alert" about Lumina Copperbased on this report. If this link is not enabled, please visit and enter "Lumina" in the search box.

Lumina's principal asset is a 100% interest in the Taca Taca copper, gold, molybdenum property in Argentina. Taca Taca currently hosts 14.9 billion pounds of copper, or 18.7 billion pounds copper equivalent, up from 8.7 billion pounds of copper estimated from previous work. Lumina is one of a few junior mining companies that control a significant copper porphyry system of this scope.

Lumina's initial engineering studies and preliminary metallurgical studies have outlined what Canaccord believes are reasonable insights into the development of a large scale open pit copper mining operation at Taca Taca. Based onindustry demand for copper porphyry deposits, and what appears to be a fundamental shift to higher acquisition prices being paid for quality deposits, Canaccord expects that Lumina could be subject to a takeover bid that values the company in excessof US$900 million.

Lumina currently trades at $15.00, and with 41 million shares outstanding, the company is capitalized at $615 million.

For more information on Lumina Copper, please visit the company's website , or callDavid Strang, President and CEO, at +1-604-646-1880 or email

For a copy of Canaccord Genuity's research, contact your nearest Canaccord Genuity office. Their branches are listed on their website at . is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals.

Barry Morgan, CFO

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