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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 martinboyon Apr 23, 2014 8:47am
221 Views
Post# 22480257

RE:1-2 Years PAYBACK !

RE:1-2 Years PAYBACK !What does this exactly mean ? To build the mone would cost C$ 58 million (which LEX does not have). It will be low (or rather "medium")  cost mine ($ 865 .. is this "all-cash-costs included" ?), but what dies it mean C$ 33 mill of NPV ? Does not sound much to me, in fact very "tiny" in terms of gold mining ?

I do not understand this news.
Is it good or bad ?
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