2nd Qtr Update analysis: $ 280 - $ 300 Million 2014 Revenue Hi
Rule # 1 : LAMB is always very conservative in his projectons
Rule # 2 : Read Rule # 1 .....
From Report : $ 168 Revenue YTD (per Lamb reference)
2nd qtr tenders = $ 95 Million ( $ 50 Mill Exceptional tender + $ 45 Mill from 2 Reg tenders)
To go: 1 Exceptional tender + 3 Regular Tenders
Projected additional sales Revenues :
$ 50 million + from next exceptional stone tender
$ 67.5 Mill from 3 regular tenders ( based on 2nd qtr results)
New Total 2014 Estimate: $ 285 Million +
They have large stones from mid May to include in next exceptional tender in October ....
With a 13 to 15 year mine life .... This is way more that a $ 5 stock !!!!!
MOST UNDERVALUED STOCK ON THE TSX RIGHT NOW !!!!!
- DS