CSE:BLLG - Post Discussion
Post by
SHOWMEURKITTYS on Mar 02, 2021 10:37am
they must have heard my question
LEADING RESEARCH FIRM
GIVES BLUE LAGOON
"BUY" RATING
RATES FAIR MARKET VALUE @ $1.03
_______ | | Dear Shareholders and Investors,
Today I'm pleased to share with you a report released by Fundamental Research Corp., one of the largest independent research houses in the world that has a 17 year plus track record of covering more than 550 companies. Since initiation of coverage on these companies, as of last week, their top picks were up 80.8%.*
According to their independent analysis, which was done using a gold price of $1400/oz, Blue Lagoon's fair market value is currently nearly 50% undervalued, suggesting its shares should be trading above $1 per share (currently $0.52).
According to their sensitivity table, if a $1800/oz price was to be used, then the fair market value would be $1.27. In other words, with the recent gold market pull back, Blue Lagoon shares are trading at a significant discount. | | BUT THE BEST IS YET TO COME...
It's important to note that the $1.03 fair value estimate given by the Fundamental Research team didn't factor in the near term production possibility at Dome Mountain, nor did it take into account the 2020 drilling results or the 20,000-metre drill program that's currently underway. All three provide near-term upside potential to their fair value estimate. As we progress with our plans and continue to hit new milestones, we eagerly await the market to catch up to the fair market value and look forward to valuation updates from the Fundamental Research team.
I expect 2021 to be a game changing year for our company and I'm glad you're a shareholder or an investor keeping a close eye on our progress.
Stay safe and healthy.
Rana Vig
President & CEO
Blue Lagoon Resources | | Canada: CSE: BLLG USA: OTCQB: BLAGF Germany: 7BL | | | *Information according to Fundamental Research Website. Past performance is not indicative of future results.
Blue Lagoon Resources has not made a production decision and will evaluate such decision once all permit requirements are in place. Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.
“This email is not a solicitation to purchase or otherwise trade in the shares of Blue Lagoon Resources. Please visit our website at www.bluelagoonresources.com or www.sedar.com to review our continuous disclosure, technical and other company information.” | | | About Rana Vig
With over 30 years of business experience, Rana Vig has been involved in several publicly traded companies since 2010. In 2018, he became the Chief Executive Officer of Lead Ventures Inc., overseeing and executing the acquisition and $5 billion+ reverse takeover of Curaleaf Holdings Inc., which raised $520 million, making it the largest Canadian cannabis financing in history. Shortly after that he took the helm of Rockbridge Resources, which he successfully restructured by acquiring, through a reverse takeover, the $2 billion+ Harvest Health & Recreation, which closed a $300 million financing — making it the third-largest cannabis financing of 2018. Believing that the mining industry, and gold in particular, was ready to make a comeback, in 2019 he turned his focus to his latest venture, Blue Lagoon Resources, listed on the CSE and trading in Canada under the symbol BLLG and in the US on the OTCQB under BLAGF. | | |
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