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Lavras Gold Corp V.LGC

Alternate Symbol(s):  LGCFF

Lavras Gold Corp. is a Canada-based exploration company focused on realizing the potential of a multi-million-ounce gold district in southern Brazil. The Company is engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that is located approximately 320 kilometers, from the state capital of Porto Alegre and spans approximately 23,000 hectares in size and comprised of 37 mineral rights centered on historic gold workings. The Company also owns a 2% net smelter return (NSR) revenue-based royalty that applies to 65,000 hectares of exploration ground around Hochschild’s Mara Rosa mine in Goias State in central Brazil.


TSXV:LGC - Post by User

Comment by TimeTooSoaron Sep 12, 2023 4:49pm
156 Views
Post# 35632473

RE:RE:Private placement…

RE:RE:Private placement…I think after PP closes this stock has room to run. If fully filled that's around $12 million they will have in the bank and market cap would be roughly $67 million.  That is roughly 18% of market cap as cash on hands. Now through in the potential to have a world class deposit on top of that maybe can hit $3 before next drill hole results to further prove out the resource. 
GLTA Longs. Very happy to see the management has shareholder values at heart with a no warrant raise. 
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