TSX:LSG.DB - Post by User
Comment by
goldhappyon Jan 28, 2016 5:51pm
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Post# 24503587
RE:What's a fair value of this?
RE:What's a fair value of this?180,000,000 oz times $350 CAD Profit = $63,000,000 before exploration and dev. capital
About 14 cents a share...take half out for capital spending = 7 cents per share profit
At $1 per share that is 7% return
Maybe the stock is trading about where financial advisors peg it ......
The exploration finds will lead to more gold ore supply. If they find enough gold to supply and expand the mill the price should rise.
If LSG stops spending maybe the return will be near 14 cents or 14% on a one dollar stock price and the stock should rise.