LRC 0.00% $3.54 laguna resources nl

this is an interesting read, page-6

  1. 12,247 Posts.
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    Matrixx

    I think you are being a bit harsh. I do agree that there have been some ridiculous ramps here about the SP heading to 20 cents etc etc.

    I will be happy with 3 cents!

    I actually think that Kinross & their Maricunga tech report is VERY pertinent. And while you harp on it being 2 years old, I feel that is a positive, because it and rated the mine as economic based on a $550 gold price!!! Yes cost would have risen, but only marginally, as labour costs in that region are very low.

    I agree that talk of a JV at this stage is premature, but by their very nature, speculative stocks attract speculation!

    But first things first ... lets get the initial JORC out and we can build from there. I have low exectations at this early stage, and expect it will be around 350k oz ... any more is a bonus.

    Interesting times
 
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