Looking at Superior Golds quarterly that just came out, their gold asic is $1200, price of gold, $1200!!!
So they are running at a $3m per quarter loss. They desperately need toll to treat as it’s guaranteed profit for them. Seems like they have the shits with Vango with their supposed JVs to treat their reserves. So looks like they won’t be getting any of Vangos, they will also be putting in their own plant, as per yesterday’s announcement.
What that means for LSR could be a huge win. We just need to keep expaning reserves like they have been and we will be in a very strong position. Our grades right now are more than good enough to start mining ore so any expansions will be win win.
Current shareprice is a joke right now considering the above alone as we currently stand.
LSR Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held