Post by
dogwag on Mar 18, 2013 10:54pm
LSG VS SGR in 2012
LSG averaged 3.9 GPT and produced 85,000 ounces gold in 2012 at cash costs of $1000.00 per ounce.SGR averaged 5.2 GPT and produced 86,500 ounces gold in 2012 at $850.00 per ounce cash cost.LSG market cap is $300 million and SGR has a market cap of $83 million.I know LSG has a target of 120,000 to 135,000 ounces in 2013 but if they only produce 22,000 in Q1 and Q2 then they will have to produce over 40,000 ounces in Q3 and Q4 when the mill is 3000 tonnes per day.With an average grade of 3.5 to 3.8 GPT I think they will be closer to 100,000 to 110,000 ounces for 2013 but I hope I am wrong.I know LSG should be higher than .70 cents but SGR has done as good or better than LSG in 2012 and will do a little bit less in 2013 but trading at .25 cents is gotta be way undervalued.Thoughts????
Comment by
IMgolden on Mar 18, 2013 10:58pm
Just wondering what kind of reserves SGR has in comparison to LSG
Comment by
dogwag on Mar 18, 2013 11:07pm
They have close to 4 million ounces but a lot is in the inferred catagory.LSG has Fenn Gibb which has about 3 million plus 4 million in west end and Bell Creek