Post by
benandemmiboo on Jul 09, 2016 6:09am
a double or trouble from here remains within reach
Though current market cap, fully diluted, approaches 200 million USD (especially when including the $40 million apparently needed from the yet-published feasability to get Aurizona back into production), it's still less than half the valuation of Belo Sun -- and less than 5 times the valuation of new producer Guyana Goldfields.
As long as the results of the feasability show good measured, indicated and inferred -- and as long as AngloGold Ashanti has some success exploring Luna's greenfield properties on their joint venture -- then Luna's valuation warrants genuine comparison to those 2, and there should be lots of further upside to the valuation of stock over the next few years.
Now when will they actually show the results of the feasability, and why are they delaying the release of this information? All info reported from Latin American papers in the last month have yet to be formally provided by Luna, even though much of it is very positive, and none of it is negative.