TSX:LSG.DB - Post by User
Post by
cre8valueon Jan 15, 2016 12:21pm
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Post# 24462339
Crude at $29.50
Crude at $29.50At some point large multi million oz shallow deposits will start looking very attractive with low oil prices. Think Fenn Gib.
A reverse impairment will be in order.
LSG gets no credit for this now.
They need to start studying a business case to lease all equiptment to see where the break even point is. This would be a highly mechanized project that processes high tonnage.