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LEXAM VG GOLD INC T.LEX

"Lexam VG Gold Inc is engaged in the business of exploring precious metal mineral properties in Timmins, Ontario, Canada. Its properties include Buffalo Ankerite, Davidson Tisdale, Fuller, Paymaster, and Baca Oil and Gas Project."


TSX:LEX - Post by User

Comment by skyhi111on Jun 22, 2013 11:01am
302 Views
Post# 21563782

RE: mux taxes argentina, good for lex?

RE: mux taxes argentina, good for lex?

If he bids fairly for LEX (e.g. $50/oz in the ground, or about 50 cents/sh), it will cost MUX cash they don't have, so they would need to use stock. If they only bid 20 cents/sh it is way too cheap. Remember it will also cost MUX to get to production. They will sit on any acquisition until El Gallo II is producing, even if through plan B using trucks to EG-1 facilities. Further, I suspect they won't go into acquisition mode (unless  using shares) until things turn in Argentina and they can monetize Los Azules. But that is all JMHO.

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