Post by
Beabaggage on Jul 08, 2022 4:28pm
BMO has at outperform w CA$ 15 target, sees 454k production
expect the div to be declared w 2nd q release.. assuming US.40, 100mil will flow to NCM w their ownership 32% on top of their share of production, royalties etc..
added to LUG in US today at US6.46. One of my largest positions along w NCM.
will take a weakening of the US$ really tho to move the price of gold. Hopefully the Ecuador situation has settled down, seems to have..they along w NCM treat their employees and the communities well so that should help. If Ecuador wants to be a powerhouse in mining via more FDN like mines, SolGold etc.. co's are going to need more stability. Always something in mining. Bea
Comment by
Pete1986 on Jul 08, 2022 5:10pm
Agree. Except the amount of money NCM gets from their 32% sharecount. They don't get 100mio but 30 mio. Still a nice dividend, yes, but also the Lundins get 25 mio each per year, nice as well. And Carmel gets more than 4 mio per year. She will be happy with that :)