OTCPK:LSLCF - Post by User
Post by
TheRock07on Jul 25, 2013 12:45pm
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Post# 21630104
Very Cheap.............Strong takeover candidate
Very Cheap.............Strong takeover candidateI notice that many gold stocks are reporting all in cash costs in the $1000 to $1300 range including Goldcore which just reported all in costs of $1279 per oz.
Its obvious that the POG will not go below $1200, as that would make unprofitable 75 % of current production.
The other point is that gold exploration juniors are having difficulty getting financed.
These provide the fodder for senior and mid-tier expansion.
That means that existing junior producers with a solid production profile will now be the main target of senior takeovers.
With a market cap of just $25 million or just $350 per oz of current production, LSA stands out as a strong takeover candidate.
Most of its peers trade at about $1500 to $3000 per produced oz...............