GREY:ALXDF - Post by User
Comment by
LRGreturns4meon Jan 25, 2018 5:33pm
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Post# 27436027
RE:RE:I'm predicting,
RE:RE:I'm predicting,ELD is lurking out there under 9.9% and is the logical play. They may go ahead and jump on the RE update due to low price and crews already working at Lamaque. They are building out the Lamaque mine with $120M CAPEX and have $480M in cash. New leadership is focused on stability. The MC is not much higher than cash and Lamaque. Shuttering the baggage now would position them with a war chest.
The ore is compatible for their mill. The mill capacity can be expanded and with open pit ore from Orenada can combine to make 250,000 oz annual production for a long time. The new high grade intercepts they referenced are the "deep" target below the intersection of the 2 mines. I wasn't a fan with the Integra deal, but now they appear to be undervalued.
Next week should be very interesting.
LRG