TSX:LSG.DB - Post by User
Comment by
UKGeorgeon Oct 21, 2010 10:02am
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Post# 17592208
RE: digger144 update
RE: digger144 updatebut can you divide and multiply seems not.
At the time of the takeover of WTM what was the 43-101 resreve, resource of thundercreek? I'm not sure what it was but seem to remember it was around 1Moz. WTM share of this was 40% thus 400koz and if we use your $424M the price per oz works out at $1055/oz.
In the statement by LSG the cost at the time was $319M, this gives $800/oz.
Digger
I sold some LSG last year after the takeover and luckly added some smf. Over the last few months have been adding every now and then to my lsg holding from.