TSX:LSG.DB - Post by User
Post by
cre8valueon May 04, 2014 7:09pm
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Post# 22523014
Will Alamos buy LSG?
Will Alamos buy LSG?
Alamos got burned on the new 7.5% tax in Mexico. They are also having issues in Turkey that keep dragging on. It is about time they picked a growth play with less political drag. Fenn-Gib is a low grade mine with 2+ oz . This is with very little exploration. Growth is written all over this. Fenn-Gib is the LSG baby that is keeping quiet for now. Right next to Fenn-Gib is the T.ME Moneta Golden Highway Project with 4.3 million oz. (This doesn't include the new Discovery Zone 135M to surface - just discovered - waiting on more assays). Put the two pieces together and you have 6+ million oz with little exploration on each property. Alamos has $410 million in cash and no debt. They are a $1.2 Billion market cap company. The Chairman of the Board of Alamos just joined the Moneta Board of Directors. Moneta has a $17 million market cap. Timmins West Mine can go to 5000 TPD with little capital. This would be a no brainer for Alamos.