GREY:LRTNF - Post by User
Post by
Gr8playon Oct 31, 2022 10:13am
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Post# 35059875
Valuation is super cheap
Valuation is super cheap
Considering that it takes at least 10 years to bring a mine into production, it makes no sense that the stock is trading so cheap. Positives include a multimillion ounce deposit and a fully functional producing mill! This stock should have a valuation of over $500 million minimum as is. Negatives point to the team burning through cash at a rapid rate. But in my opinion its mainly due to a perfect storm of: Covid related labour inefficiencies, supply chain challenges, unanticipated rising costs of fuel and consumables, shortage of skilled workers, bad luck causing equipment breakdowns at the worst possible time. In my opinion I think the fastest and best way to turn the company around will be if Mr Makuch was asked to take on a major role in leading role in the company.