TSX:LSG.DB - Post by User
Post by
Risktaker7on Feb 27, 2015 12:56pm
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Post# 23472587
Realistic valuation?
Realistic valuation?
I brought this up a few times on the board and do your own research what junior miners are worth with ounces in the ground.You can use the recent Goldcorp takeover of probe mines with total cost of 526 million with about 2 million high grade in the ground and maybe about 4 million of low grade at 1 g/t. With Lakeshore being a producer with free cash flow and almost out of debt, you should be able to triple the valuation at least for what Probe got with a grassroots project. This depends of how long the mine life will be extended and of course the debentures increasing the market cap and gold prices staying at least at $1200. A rough estimate of fair realistic valuation of Lakeshore would be $2 to $3 by year end.
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