OTCQX:LMCNF - Post by User
Post by
didubareaon Jan 12, 2017 11:12am
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Post# 25699244
it doesn't look so promising
it doesn't look so promisingThe value of the company (assuming no dillution - but there will be), is going to be around the 430M (150M in stock and 280M in debt).
At 1,300/oz gold, this project doesn't look like it has the leverage nor the current NPV to support this valuation. (even based quick calcualtion - a 900/oz AISC, 9 year operation toatlling 1.3M ounces, will bring NPV8 (it's in guerrero) to approx. $400M.