Leagold Mining Corp LMCNF

RE:RE:RE:RE:Why LMC is going down the Hill ?

[auburn2]

It's a very high capex business. AISC right now is reported at $950 assuming nothing goes wrong. It's going to be higher given RDM being two months' offline and the care and maintenance associated with that. AISC doesn't include interest paid on the debt, taxes, and they are talking about spending hundreds of millions for a CIL plant that will improve recoveries at Los Filos and allow exploitation of the underground resources. So right now LMC is definitely not a cash cow. Very high capex to get the business positioned as they want it. I estimate $1450 provides the liquidity to run the business well and that at $1250 it's really just holding in there not doing anything for shareholders. Gold unfortunately is so strategic to the fiat system we use that those in control of that system do everything in their power to keep it artificially suppressed. You have gold on one hand and fiat on the other, and they're adversaries. If gold goes too high, fiat loses legitimacy and the statuos quo becomes jeopardized.