TSX:LSG.DB - Post by User
Post by
yoda2on May 21, 2012 9:45am
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Post# 19930611
Timmins West technical report
Timmins West technical report Hidden away in the new Timmins West Mine Reserve Technical Report, filed May 18, 2012, is an Economic Analysis(page 219).
It concludes, on page 221, with $1600 Au and US$/C$ parity, that:
the mine would have net revenue (after all costs and investments)(and without discounting) of $343 million.
With 410 million shares outstanding that works out to 83 cents per share.
Although the estimate does not incorporate the adjacent properties this valuation seems inconsistent with the perceived great potential of Timmins West mine underlying the past and even the current stock price.
Comments would be most helpful .