GREY:LBEFF - Post by User
Comment by
Buxom1on Oct 04, 2007 3:56am
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Post# 13519014
RE: Press Release
RE: Press ReleaseMillright,
You bring up some very good points regarding this latest nr.
To add to your thoughts regarding this latest nr. Well a bit off topic but still relates in that the 2.15% works out to roughly between $400 - $600/ton - way better then many of the world's gold mines ... to put things into perspective Goldcorp's first property in Red Lake was mining between 800 - 1,000 tpd (that's it) ... when Goldcorp was starting out they were averaging $600 per ton so this really gets me excited about the upcoming year.
My take on LBE's share price is that for it to increase it needs: a profitable financial quarter, 1,500 tpd (which means more profitable financial quarters in the future), 3 - 5 year resource base coupled with TSX listing and I think that the stock price will be roughly doubled what it is now .. once again jmho.
All the best,
-B1-