Post by
woolco on Aug 28, 2019 7:07am
Leagold buyout
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.
Comment by
intowin on Aug 28, 2019 8:08am
No buyout. At least not yet. Frank plans to grow this into another Gold Corp.
Comment by
Walkerd on Aug 28, 2019 11:05am
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.
Comment by
woolco on Aug 28, 2019 12:34pm
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....