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 wolftraderon Jan 10, 2022 8:06am

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Post# 34299102

RE:RE:RE:RE:simple calculation

the previous share price in excess of $ 7 is not comparable as there was a reverse split but as there are about 100 million shares outstanding and Barrick bought in at 27 Cents that should be the lower limit. I think that between 50 Cents to $ 1 would be a fair valuation.

For $ 2 or $3 we need excellent drill results and a resource estimate

That are my realistic thoughts

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