Post by
Beabaggage on Feb 16, 2022 7:14pm
New drill results
not much reaction but they have a lot more work to do as they delineate the lease area around FDN. Great value imo at 1871 POG here, even for a 1 mine company. I could see Newcrest buy Lundin in time after they digest Pretivm buy, although they have a lot on their plate w Havieron in AUS and Cadia/Lihir capex etc.
The high price of copper from gives NCM great cash flow..probable 280mil/lb of Cu this year.
Long LUG and NCM (sold PVG on the merger news as I have a lot of NCM)..maybe finally POG cooperates to bring share values in line w prospects and cash flows, rewarding low cost miners like LUG. Bea
Comment by
gossamer6 on Feb 17, 2022 12:53am
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Comment by
Pete1986 on Feb 18, 2022 11:24am
Somehow the market don't like the drill results. Don't get it, those are great and LUG just discovered a second FDN. Its gonna be interesting if they also release a resource estimation for the new discovery. Should be similar to FDN.
Comment by
Beabaggage on Feb 23, 2022 10:13am
yes shares are stalled despite all the positives- resource potentials, company in great shape financially, good partner w NCM, higher gold price...seems like the best producing single mine value in gold space now to me. I would probably add on weakness if any. My basis under $US7 might just be the best I can get tho!! Bea