Leagold Mining Corp LMCNF

Leagold buyout

[woolco]

With 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.

[intowin]

No buyout. At least not yet. Frank plans to grow this into another Gold Corp. 

[Walkerd]

Just an FYI, someone unloaded their shares over the last couple of weeks.  BMO was a seller of 9 million shares. They were gobbled up pretty easily which is incredibly bullish. Not sure who it was but we will find out soon enough.  Perhaps Newmont unloading the shares they inherited from the Goldcorp takeover.

[peregrine3]

There is NO way Yamana will buy them - you've got to kidding woolco.. Yamana has an enormous debt load and they've been desperately selling assets to pay down this debt - as of July, $1 billion (no typo) is still o/s and they are paying something like $300 million per year in interest expense, G&A, etc. - that company grew way to quickly through acquisitions in the past and management

[mercedesman]

I would have to agree that a buy-out is too soon, and that Yamana is an unlikley acquier.  Frank may not be looking to build another Goldcorp, but at least he would like to shepard a new Endeavour (currenlty just under $ 3B market cap). He's build three companies into billion dollar companies. He wants to add a fourth. Orion Mine Finance Management ( a financier that invests in later

[woolco]

Your debt carrying cost figures are way off. Debt is now down to 1.6B....carrying cost more like 100M now...massive improvement from 300M. But you are right...its  a stretch for them...but at 600M oz of gold per year....it pays off debt fast....