Quarterly Production Results Lamaque
In the last quarter, Lamaque contributed over one third of total ELD production. Let that sink in for a minute. At the time of purchase, the price amounted to about 10% of ELD, and a big chunk of that price was paid for with shares that were valued at $5.00 per non-consolodated share. (That would be $25.00 per share post consolodation.) It wasn't long ago that many on this forum were lamenting the foolishness of the Lamaque purchase. All I can say is that if the rest of ELD's investments were performing as well as Lamaque then all of us except the perpetual shorters would a lot better off.