TSX:LSG.DB - Post by User
Comment by
goldhappyon Jan 14, 2016 12:09pm
307 Views
Post# 24458237
RE:RE:market cap of $538.44 million and a P/E ratio of 43.70
RE:RE:market cap of $538.44 million and a P/E ratio of 43.70On small note JRaffles...I am buying up shares for cash reward first point. The second reason is the potential for LSG to increase resource. That is the best route to increased production. That of having the available gold to mine at a profit "ore" well into the future. More available resource also avails itself to flexability. Little lower grades can be mined with higher gold prices. A little higher grade gold can be mined during recessonary times for gold. Makes for longevity of the company. Allows sustainable long term planning and potential for growth. We are but in the early stage of long term production growth...the exploration phase. Not many exploration companies can pay their way with production revenue. LSG does.