OTCQX:LMCNF - Post by User
Post by
woolcoon Aug 28, 2019 7:07am
287 Views
Post# 30073587
Leagold buyout
Leagold buyoutWith Yamana owning over 22% and Goldcorp owning over 12%....both are likely to take out Leagold . This is currently a mispriced asset for various reasons.
600k oz per year to add to their production volume....is a sweet easy addition. They know what they have here...and the value is easily 5.50-6 per share at current gold prices. Solid/safe juristictions...
When ( likely very very soon) gold hits 1600-1700 range the profit these mines will be kicking off will be massive....as the cost per oz is under 1000.
Do the math.
Cost per oz at 900
Sell at 1700
Profti 800 /oz
800 x 600,000 per year...=480M per year profit.
What is the take out value of that?
Even at current 1550
650X 600,000= 390M profit per year....
Has to be valued at close to 2B easy.
Don't listen to Fibinochi...listen to your brain.