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Leagold Mining Corp LMCNF

Leagold Mining Corp is an exploration stage company. It is engaged in the acquisition of gold mining operations and advanced-stage development projects with a focus on Latin America. It has four operating mines namely, Los Filos Mine; RDM Mine; Fazenda Mine; and Pilar Mine. The firm operates in two geographic locations: Mexico and Brazil.


OTCQX:LMCNF - Post by User

Post by woolcoon Aug 28, 2019 7:07am
285 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.

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