RE: RE: Brutal in the Juniors!LSG is getting punished for a few major "snaf-oos" including:
- Over promising, underdelivering on production & projections (grade is lower - 3.49g/t in Q3 - and historical projected production was much much higher than current actual levels - only 60k oz produced in Q1 - Q3)
- Resource estimates are delayed and lower than projected. (i.e. - Thunder Creek was only 1million oz and delivered 4-6 quarters after projected)
- The Balance Sheet took a big hit in Q4, including the need to access 20 million of a 50 million line of credit
- Mining costs are still over $800/oz (though better grade will help this number)
However, their price has been hammered to ridiculous levels; they're due for a big upswing - given a steady price in gold and 2+ solid quarters of production.
Hope this helps!