OTCQX:LMCNF - Post by User
Post by
mercedesmanon Aug 17, 2018 11:16am
268 Views
Post# 28477734
A bargain here...
A bargain here...
Averaged down a $ 2.01 during the carnage. This one, like others was clubbed like a baby seal. Mercilessly. But it's a producing mine with 4 mines (soon to be 5). Woodyer is a skilled operator that almost always delivers on promises (from my experience owning EDV) Look that the most recent guidance "On a consolidated basis, we expect to be producing at an annualized rate of approximately 450,000 oz in the second half of this year, at AISC of approximately $950 per oz.". And that is before Santa Luz gets going "Our newly acquired Santa Luz project in Brazil is a key growth opportunity..." But construction doesn't get completed until late 2018 /early 2019. These guys know how to run mines. They have their hands full optimizing all of their newly acquired mines. When they do, I expect falling AISC, and higher outputs. Sleeping easy with this one. A gift at these prices. MM