OTCQX:LMCNF - Post by User
Post by
templetooth2on Jan 23, 2019 8:56am
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Post# 29269213
Back to earth
Back to earth
Scotia analyst updated his estimates for the first time since about Brio takeover. 2019 production goes from 550,000 oz to 413,000 oz. and 2019 cash flow from 56 cents US to 40 cents. So, stock is about 4X cash flow with the price around $2 Cdn.
It is now time for the execs to earn their money: debt due in November of $100 million, Los Filos needing a construction budget of $180 million and Santa Luz $82 million. Hard to see how all this can be arranged entirely with debt.