GREY:LACHF - Post by User
Post by
mousermanon Jan 30, 2009 8:08pm
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Post# 15741946
LMA really under the radar
LMA really under the radarWhile we have seen some strong moves from most gold producers this past 2 weeks - LMA hasnt really participated. I realize it has risen a long way off the bottom and perhaps some profittaking happening here to stall its rise. Fact is tho - LMA 's profit numbers will be looking a lot better with gold over 900$ and should eventually translate into a reasonable valuation. Incredible to me that explorers like OSK can garner a 890 million $ market cap with no production and are given about 125$ an oz in the ground gold value.
LMA's gold in the ground is approx 2 million ozs ( reserves) at last count and is being given about 25$ an oz value profits and revenues are not even really being considered.
Have begun a position and will continue to accumulate on any pullback.