RE: LMA is undervalued! How about $12 per share solely based on LMA's 40% share in VMS in Sudan?
I expect that LMA to be taken over in the next three to six months. The acquirer will value LMA based on gold and gold equivalent ounces in the ground. The going rate for ounces in the ground is between $300 and $400.
The VMS' project update came up with 10.5 million of gold and gold equivalents.
10.5 x $300 = $3,150 billion ; 10.5 x $400 = $4.2 billion
LMs's current 40 % share yields between $1.26 billion and $1.68 billion
LMA's share count is 142 million.
Per share is between $8.57 and $12.