RE:just boughtMy favourite gold play. Has been for a long time but still don't own any shares.
I'd like to get some in the 6-6.50 range. This is going to be an absolute cash machine. The grades are incredible. I remember kicking myself over and over and over again when Aurelian was releasing crazy hole after crazy hole during exploration. There is also significant opportunity to expand the resource at strike.
Any property within the Lundin Group is going to be managed well so there's a nice backstop in that regard also. Any weakness in gold price is a buying opportunity here. I still think we are about 6 months away from a sustained (multi-year) gold trend.
This will be like Detour Gold, a guarunteed double everytime the gold price has a substantial move off is consolidated low. If you look at Detour every time it goes down to the 10-12 range it moves up to 20-25 with the gold rally. Lundin will be just like it, time after time after time.