Lake Victoria Gold Ltd LVGLF

Primary Symbol: V.LVG

Metals & Mining Gold

Lake Victoria Gold Ltd. is a gold exploration and development company. The Company is principally focused on the prospective Lake Victoria Goldfield in Tanzania. The Company has a 100% interest in the Tembo project which has over 50 thousand meters of drilling and is located adjacent to Barrick’s 20 Moz Bulyanhulu Mine. The Company has one remaining license of 32 square kilometers on the Tembo Project located in northwest Tanzania. Its Imwelo Gold Project is a gold project located in northern Tanzania immediately to the west of Geita Gold Mine of Anglogold Ashanti. The Imwelo Project is held under a Tanzanian mining license ML538/2015 (ML) and includes a primary mining license PML2637 (PML). The ML is approximately 3.85 square kilometers and the PML is 8.5021 hectares. Its Dora License is contiguous to the Imwelo Gold Project. The Dora License (PL11953/2022 of 19 square kilometers) borders the Imwelo Mining License to the west, east and south.

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Lake Victoria Gold Ltd > simple calculation

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Comment by Brianw21on Jan 08, 2022 9:53am

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Post# 34295946

RE:RE:RE:simple calculation

Why $1.00

No market reaction to the Barrick purchase yet but coming.
The production schedule previously published
A likely strategy to drill near previous holes, maybe in a step out manner
The previous share price in excesss of $7.00 prior to country politics
Increasing gold prices, then and now.
No need for dilution given Barricks recent purchase.

To me this is a no brainer to $2.00 or $3.00 but it is the market and macro conditions are destabilizing. Still I dont see TEM having to do much to see this kind of appreciation again and soon.

Just my thoughts and I suppose a little clouded wishful thinking.

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