RE:Switched to LMC
why i should buy LMC? marketcap over 450 million CAD ... GCM has an marketcap of 38 million CAD and fully diluted (but debt free) of 180 milliom CAD .. but they are buying back debentures, so the fully diluted sharecount will be much lower ...now 20 million shares, fully diluted 95 million shares..i think they will end with 60-70 million shares or less oustanding in 2024...so the marketcap at today SP will be near 120 million CAD
they own 10 million oz high-grade gold at 2 propertiers ..Segovia is a cash-cow, Marmato underground will be huge! production in 2018 200000 oz at AISC below 900$... developement of Marmato into a modern mine will happen soon... they own a third project , currently drilled by Iamgold (drill results around the corner)...
GCM is the cheapest producer by far and their situation gets better and better... from the political side , operational side and financial side...
its a big opportunity!