OTCQX:MEAUF - Post by User
Post by
kbradleyon Jan 23, 2015 8:08am
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Post# 23354893
Lakeshore Gold should buy Moneta??
Lakeshore Gold should buy Moneta??
Rumours that Iamgold is looking at Lakeshore Gold. Would LSG look better on paper if they had 4.3M ounce resource (namely ME) very close to the open pitable Fenn Gib resource that LSG owns only a short distance away? Was hoping that ME would one day be worth north of 50 cents but at this point if we were to get a quarter. So for $40M which LSG has in cash they could buy for ME, which works out to $10 per ounce. There is now an economic resource of 6-8M ounces between the two deposits.