OTCQX:LMCNF - Post by User
Comment by
ugggon Jan 23, 2019 12:36pm
289 Views
Post# 29271022
RE:Back to earth
RE:Back to earth
Scotia has an out perform rating & a one year target of $3.25 a share. Not sure where you got the 550,000 oz from but LMC, upon completion of Brio, said they were excited to grow production to over 400,000 oz per year. At 400,000 oz with aisc under $1000 & gold price at $1280 that's about $300 an oz. That's $120M for the year & cash flow should be more. Also they were going to pick between Santa Luz or the Los Filos upgrade. I would expect, due to the metrics they would go with Los Filos as that will effect the whole los filos operation which is ongoing as apposed to restarting a mine not in operation that can be done at a later date.