RE:RE:RE:RE:PP closed $38 MillionI am curious why the market views this as a negative now? Why not when it was announced?
Plus the amount is $3 million less than what they stated they had arranged. Is that negative? Some were worried about dilution, yet less shares are diluted now than previously announced. I think the accelerated warrants are unlikely at this point.
Maybe if the MOU turns into a LOI or better yet a final deal, that will move the SP. remember LIO based projections on $1200 gold.
Lets do some math:
$700 cost per ounce, profit $500 per ounce I am going to up that to $600 based on $1,300 gold.
Estimated 3 million ounces divided by est. 12 year mine life, 250,000 ounces per year, times $600 per ounce profit = $150,000,000 divided by 100,000,000 shares = $1.5 per share earnings X 15 PE = a stock price of $22.5. I think these are conservative numbers.
Would I rather LIO focus on promotion or production. Well I wish both! Long term I choose production!
I would appreciate anyone elses thoughts on my personal projections...