Dividend to be paid! LUG generating huge FCF, progress w Newcrest on new drills and in other areas on the concession.. looks like s/t/board approval they will be paying .20/sh.
Once NCM digests the Pretium buy- and if gold stays over 1800 and copper over 4, they will have huge FCF even w all the capex they are planning at Cadia, Red Chris, Havieron-- I think Newcrest could buy out LUG. Especially if the results of the new prospective drills in the Ecuador leases pan out.
Long a chunk here and NCM as well, would add to LUG on dips! Great results albeit w single mine risks but they seem to be doing really well.