Lavras Gold Corp V.LGC

LGC

[TimeTooSoar]

Gold is flying, i'd think this name would be as well with all the insiders buying. Maybe next results release it can soar instead of tank like it usually does when results are released.

[snowshoedb]

FDP drill Results to date indicate that the deposit contains economic ore. Most Joe Street investors who invest in junior, mining stocks Are looking for bonanza grade deposits. They typically don't understand that large Low-grade bulk deposits typically are more stable, have a longer life and are more significant producers than narrow vein gold deposits with short lives.. Here in lies the

[Zibo510]

Snoshoedb The current MC is 76mil,  at 10 x that's a MC of 760 million.  If you think this is worth 1-2 Billion,  well you do the math. 

[snowshoedb]

Zibo: my math skills are actually pretty good. So is my vision to the future. The company will have to raise additional funds to keep drilling for the next two years. That means some dilution. Nobody knows how much dilution it will be, but my hope is is that they will control it.   that means additional shares will be issued at some point which will both increase the capitalization and

[Zibo510]

Wasn't questioning your math, I am in agreement with your opinion other than maybe a MC of 2 Billion.  Correct me if I am wrong, but I believe that the current drill campaign 25,000 meters is fully funded. If assays continue to prove up this deposit,  by the end of this drill campaign the SP should be multiples of today's SP. If a PP is done at that time a lot of fund's

[snowshoedb]

I think that they can drill until 2025 when they need to raise additional capital to keep going