TSX:LSG.DB - Post by User
Comment by
grammaduxon Jul 16, 2015 12:27pm
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Post# 23930320
RE:I'm no expert
RE:I'm no expertBecause we have plenty of free cash flow and no more unsecured debt outstanding! Even though Lsg can add resources on their own, it makes a lot of sense to use the cash. If my math is correct LSG is paying around $100 per measured ounze, adding the indicated on top the number comes down to around $20. Sounds like a bargain to me. If your neighbor has a nice property and you have free cash why wouldn't you expand your own property then.