TSX:LSG.DB - Post by User
Post by
timewilltellon Mar 20, 2014 10:07am
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Post# 22345639
and gold is still 1500 cdn.
and gold is still 1500 cdn. 1500 cdn / oz 5= 500- 600 profit an oz.
regarding the impairment charge. ABX wrote down 2.4 billion last quarter.
it should also be pointed out that this is relatively common in the mining industry when a commodity drops.
as a matter of fact, last year LSG took a 231 million impairment charge.
as gold picks up, the reverse happens, miners start adding assets to their balance sheets.
companies that have not written off low grade resources are not being up front.
i could name a couple, but am not hear to bash other companies.
do you dd.
i believe lsg is solid.